Dogecoin dumps following mention from Elon Musk on Saturday Night Live

Cointelegraph

Published May 09, 2021 12:20AM ET

Updated May 10, 2021 02:20AM ET

Meme cryptocurrency Dogecoin finally got its long-awaited shoutout on Saturday Night Live — but despite hodler hopes, the immediate result has been a violent dump.

First teased by entrepreneur and DOGE cheerleader Elon Musk in late April, the Tesla (NASDAQ:TSLA) CEO finally mentioned the digital asset on live television tonight in his opening monologue of the sketch comedy show. The reference was a throwaway line from Musk's mother, who joined him onstage and asked if her Mother's Day gift would be Dogecoin; Musk replied that it would be.

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