2021-05-09 23:21:27

Dogecoin Goes on Wild Weekend Ride as Musk Calls It a ‘Hustle’

Dogecoin investors had a wild ride this weekend.

After hitting a record Saturday ahead of Elon Musk’s appearance on “Saturday Night Live,” the digital currency began to fall hours before the show began and continued to drop as he delivered his opening monologue. Dogecoin traders around the world were organizing watch parties for the broadcast featuring its most prominent booster.

Elon Musk appear during the “Weekend Update” skit on SNL.

Photographer: Will Heath/NBC/NBCU Photo Bank/Getty Images

Briefly rebounding after the billionaire’s called it a “hustle” during “Weekend Update,” Dogecoin slid further before bouncing back a bit on Sunday. It traded at 55 cents as of 6:10 p.m. in New York, down 15% over a 24-hour period, according to CoinGecko. The digital asset traded within a range of 43.2 cents to 66.7 cents in the past day.

During the show, Musk jumped into the character of a bow-tie-clad, bespectacled financial expert and was repeatedly quizzed about what Dogecoin actually is. After delivering textbook answers, he was asked whether the currency was just a hoax, to which he responded, “Yeah, it’s a hustle,” and howled, “to the moon!”

empty message

empty message

empty message

empty message

empty message