Dogecoin didn’t quite see the bump its believers expected after ‘dogecoin CEO’ Elon Musk spoke about the memecoin on national television back in May. It has since fallen 70%, and millionaire hopefuls are left with decimated bags instead.
The Dogecoin story
“Correction update: -71% since the Musk SNL peak,” pointed out Compound Capital founder Charlie Bilello on Twitter. The tweet referred to Musk’s apprearance on Saturday Night Live (SNL), an American late-night live television sketch comedy that launched back in 1975, features comedy sketches that are performed by a large and varying cast of repertory and newer cast members.
Dogecoin correction update: -71% since the Musk SNL peak.$DOGE pic.twitter.com/P5CaFNYHWy
— Charlie Bilello (@charliebilello) June 21, 2021
The show itself didn’t see Musk talk about the coin the way he does on Twitter. “Yeah, it’s a hustle,” he said when he was asked about Dogecoin. Maye Musk, his mother, later joined on stage and said she
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