Tesla Inc (NASDAQ:TSLA) CEO Elon Musk started talking about DOGE its value skyrocketed.
“At the end of 2020, Elon Musk started talking about Dogecoin, and the market cap just shot up to $50 billion […] It shot up multiple times.”
Buterin said he was in Singapore during the time of a lockdown when DOGE’s value shot up 775% from $0.008 to $0.07 in a single day.
“I sold half of the DOGE and I got $4.3 million, donated the profits to GiveDirectly, and a few hours after I did this the price dropped back from around $0.07 to $0.04,” said Buterin.
Why It Matters: If Buterin has held on to his remaining DOGE holdings, they should be worth nearly $20 million at today’s prices.
Bitcoin (CRYPTO: BTC) and
Ethereum (CRYPTO: ETH) respectively.
BTC traded 2.08% higher at $36,349.54 at press time over a 24-hour period, while ETH traded 5.07% higher at $2,770.47.
Cryptocurrencies among top gainers on Sunday night included
Waves (WAVES) which traded 14.84% higher at $16.13,
Fantom (FTM) up 12.12% at $0.35, and
Tezos (XTZ) which was in the green 11.89% at $3.82.
Other notable gainers were
Nexo (NEXO) and
Solana ( SOL) both of which traded higher by 11.62% and 9.9% at $2.35 and $43.11 respectively.
Why It Matters: Musk reveled in memes over the weekend, a few of which supposedly endorsed CUMMIES leading to a further upwards movement for that cryptocurrency.
See Also:
Dogecoin’s (DOGE) debut on major cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) may eventually attract traditional investors as there is .
Dogecoin (DOGE) has a new “CEO” or does it now? The Shiba Inu-themed cryptocurrency’s co-creator Billy Markus stirred interest in the non-existent executive through a social media post.
What Happened: Markus joked on Twitter that he was resigning the post after a publication called him a CEO of Dogecoin. Markus nominated meme creator Greg as his “successor.”
See Also:
The Dogecoin creator also made a reference to
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who declared himself as a former CEO of the meme cryptocurrency last year.
Musk will be given the role of “Chief Meme Overlord,” as per Markus.