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:
Get $DOGE to the moon Mr. Chairman person man.
— Goldenboy (@GoldenboyFTW) January 28, 2021
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?”
WSB + Tesla + Bitcoin = Wall Street nightmare
— Pomp (@APompliano) January 28, 2021
BTC trades at USD 31,212 and is down by 2% in a day.
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Reactions:
lol so now WallStreetBets is trying to pump $DOGE…has the whole world gone mad?
— Riccardo Spagni (@fluffypony) January 28, 2021
$DOGE will lure WSB to Bitcoin
— Brandon Quittem (@Bquittem) January 28, 2021