Elon Musk doing something that completely shakes the crypto market (and internet in general) is becoming a weekly tradition. If he doesn't, I think we better ask for a Welfare Check on him.
This Saturday, the Technoking of Tesla gave the opening monologue on SNL, during which he spoke about mental health, his mother and--surprise surprise-- Dogecoin.
Musk’s mother, the model Maye Musk, made a surprise visit and stated:” I’m excited for my mothers day gift, just hope it’s not Dogecoin”, to which her son cheekily replied it was.
Later on, Musk called Dogecoin a “hustle”. As a consequence, the cryptocurrency immediately lost almost 30% value.
This year, the first meme-inspired cryptocurrency grew 13,000%, and Elon is/was its biggest fan.