DOGE Pumps & Dumps As ‘Chairman of WallStreetBets’ Asks About Dogecoin

DOGE Pumps & Dumps As 'Chairman of WallStreetBets' Asks About Dogecoin 101
Source: Dogecoin Memes

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:

DOGE Pumps & Dumps As 'Chairman of WallStreetBets' Asks About Dogecoin 102

The rally coincided with this question on Twitter:

“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 data.

The TikTok pump last summer vs. the pump today:

DOGE Pumps & Dumps As 'Chairman of WallStreetBets' Asks About Dogecoin 103

And all this DOGE story started with a question: “Anybody own bitcoin?”

BTC trades at USD 31,212 and is down by 2% in a day.



Learn more:
Cubans Turn to Bitcoin, Ethereum and Dogecoin as US Sanctions Bite
Penny Altcoins Rally While TikTokers & Co Go on a Pumping Spree
Dogecoin Pump Ends as Price Dumps 40% From Top
This is Why Dogecoin is Better than ‘Altcoins-Degenerators’

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