The Tesla CEO and Bitcoin buyer’s latest tweet, promoting DOGE and his SNL appearance, helped the altcoin surge 25%.
Live, from New York: it’s Elon Musk pumping Dogecoin!
The Tesla/SpaceX CEO and Dogecoin memer-in-chief just about guaranteed the “joke” cryptocurrency is going to “moon” on the weekend when he hosts Saturday Night Live.
Elon Musk’s five-word tweet — which was technically pumping his upcoming appearance on Saturday Night Live — reads “The Dogefather SNL May 8
Predictably, DOGE promptly jumped from $0.25 to $0.30 in 10 minutes, topping out at $0.33 about three hours after the tweet. At this writing it’s back down to $0.30, still well below its April 16 high of $0.4377.
Musk’s previous Dogecoin tweets
have — usually
— sent the shiba inu-themed coin soaring, something it shares with Bitcoin, which Musk’s tweets have pumped regularly
. (Although not as much as Tesla’s $1.5 billion BTC investment
, which it revealed
in this week’s quarterly earnings report had spiked to $2.72 billion by the time it sold off 10% in March.)
This makes Musk’s value as a Dogecoin booster far above that of the NBA Dallas Mavericks owner and “Shark Tank” investor Mark Cuban.
Cuban Talks DOGE on Ellen
Cuban acted as a Bitcoin/Ether/Dogecoin booster
in an April 27 appearance
on the talk show Ellen
, telling host Ellen DeGeneres that while BTC “is a digital version of gold” and ETH “a digital version of a currency, Dogecoin “is just fun.”
However, he added that it has gone from being a joke cryptocurrency to one that is starting to become a real digital currency with actual utility.
He also added that his 11-year-old son Jake has bought $30 of DOGE — something the billionaire shares with Musk, who boosted Dogecoin’s price on February 10
after tweeting that he had bought some for his infant son, making X Æ A-12 into the first “Toddler Hodler.”
Cuban also talked to DeGeneres about NFTs — which she dabbled in the day before his appearance, selling
a number of pictures of herself with a poorly drawn cat and attendant video monologue on NFT marketplace Bitski
She met with less success than Disaster Girl and Beeple
, with five of the 10 gold editions of “Woman With Stick Cat” still unsold at $2,500. The 64 silver editions sold out at $100, while the platinum-level one-off went for $14,555 at auction. The sales benefited celebrity chef José Andrés’ World Central Kitchen
, a post-disaster food relief charity.