After the TikTok pump last year, dogecoin (DOGE) just was seemingly pumped by another online community. This time, it might be related to the r/wallstreetbets subreddit, with 4.1m users, responsible for the GameStop pump this month. (Updated at 07:39 UTC with the latest price data and reactions).
Early thursday morning (UTC time), DOGE skyrocketed by around 75% in less than two hours, hitting USD 0.0136, before crashing to USD 0.0106 (07:36 UTC). The price is still up by 31.5% in a day and 17% in a week. It’s also up by 130% in a month.
DOGE price chart:
The rally coincided with this question on Twitter:
@WSBChairman Get $DOGE to the moon Mr. Chairman person man.
— Goldenboy (@GoldenboyFTW)
“WSB Chairman” claims to be the “Chairman of WallStreetBets” and has over 341,700 followers on Twitter.
After DOGE skyrocketed, the author of the post followed with a question: “Has Doge ever been to a dollar?” During the TikTok pump last summer, the goal was also to push up the price of DOGE to USD 1. DOGE reached its all-time high of USD 0.01759 in January of 2018, per Coingecko.com data.
The TikTok pump last summer vs. the pump today:
And all this DOGE story started with a question: “Anybody own bitcoin?”
@WSBChairman WSB + Tesla + Bitcoin = Wall Street nightmare
— Pomp 🌪 (@APompliano)
BTC trades at USD 31,212 and is down by 2% in a day.
lol so now WallStreetBets is trying to pump $DOGE…has the whole world gone mad?
— Riccardo Spagni (@fluffypony)
$DOGE will lure WSB to Bitcoin
— Brandon Quittem (@Bquittem)
The cheapest coin on Robinhood is $DOGE which Wall Street Bets is pumping the shit out of right now
— LilMoonLambo (@LilMoonLambo)
We are reaching the meme singularity tbh https://t.co/pjY5B8CSOJ
— Cantillon (@Cantill03506196)
I have never EVER won a doge trade so I’m not fucking playing. Have fun staying profitable without me you fucking dicks FUCK
— KING CO฿IE 🌙 (@CryptoCobain)
— Loma (@LomahCrypto)
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