why did dogecoin drop after snl

Last Updated on December 12, 2023 by Paganoto

Dogecoin tumbles after Elon Musk jokes about it on SNL – CNN

Dogecoin tumbles after Elon Musk jokes about it on SNL – CNN

After pumping up the value of the cryptocurrency in the lead-up to Musk's SNL appearance, investors sold off dogecoin sharply after the Musks talked about it on the show.May 10, 2021

Dogecoin: Why 'Saturday Night Live' led to a price drop

Dogecoin: Why 'Saturday Night Live' led to a price drop

According to CNN, investors sold off their Dogecoin holdings after Musk appeared on the show. It dropped 40%, trading as low as $0.44 by Sunday.

Dogecoin Drops After Elon Musk Hosts SNL. It's a … – Barron's

Dogecoin Drops After Elon Musk Hosts SNL. It's a … – Barron's

After surging into Elon Musk’s performance on Saturday Night Live, the cryptocurrency is down 36% in Sunday trading.

Dogecoin down nearly 80% since Elon Musk SNL appearance

Dogecoin down nearly 80% since Elon Musk SNL appearance

Dogecoin’s value plummeted immediately after. Investors figured that whatever happened on the show was probably not great for the investment.

Dogecoin drops in price during Elon Musk's SNL appearance

Dogecoin drops in price during Elon Musk's SNL appearance

Supporters of the cryptocurrency hoped Musk’s appearance would cause the price to rise, instead it dropped.

Dogecoin plunges nearly 30% during Elon Musk's SNL …

Dogecoin plunges nearly 30% during Elon Musk's SNL …

Dogecoin falls as much as 29.5%, dropping to 49 cents, during Elon Musk’s SNL debut. · During the frenzied sell-off, Robinhood experienced an …

Dogecoin has plunged more than 75% since Elon Musk's SNL …

Dogecoin has plunged more than 75% since Elon Musk's SNL …

Dogecoin has dropped more than 75% since the hype peaked around the token when Elon Musk appeared on SNL in May. · It was the worst-performing …

Dogecoin Plunged More Than 75% Since Elon Musk's 'SNL …

Dogecoin Plunged More Than 75% Since Elon Musk's 'SNL …

Dogecoin has plunged more than 75% since Elon Musk hosted “Saturday Night Live” back in May. It lost 24% over the span of 24 hours, hitting .17413 cents, …

Dogecoin Takes a Dive After Elon Musk's Saturday Night Live …

Dogecoin Takes a Dive After Elon Musk's Saturday Night Live …

The cryptocurrency’s price dropped more than 30% after Musk called it a ‘hustle. ‘ Opinions expressed by Entrepreneur contributors are their own.

Dogecoin Down Over 90% Since Elon Musk's SNL Appearance

Dogecoin Down Over 90% Since Elon Musk's SNL Appearance

The coin began to plummet in value in real time as the show aired, shedding over 20% of its value in a single hour. So many people tried to …