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Elon Musk's tenth antics should have cost those who jumped on board the $DOGE cash - and it did. The tycoon, who now heads Twitter, decided he'd had enough fun and reinstated the classic bird as the social network's logo.
The markets, which got all worked up when Musk posted the Dogecoin logo on the most popular social network of our time a few days ago, then did what everyone expected. When the markets returned to normal, they punished $DOGE by causing it to register a -7% drop within minutes, which then turned into a -10% drop, but failed, in truth, to destroy all the value accumulated thanks to Elon Musk's antics.
There are those who are tearing their hair out - even with good reason - screaming about market manipulation. Then there are those who are more bizarrely speculating about Musk's methods of monetization: the bills for Twitter are piling up, and plans to return to profit seem a long way off.
Rumors of SEC interest
Allegations circulating on the Internet never became facts. The SEC is allegedly investigating certain activities of Elon Musk via Twitter. Allegations that, in our opinion, would have had no place in heaven or on earth anyway, because Elon Musk is not to blame for thousands of people trying to gamble with his claims.
The SEC has nothing to do with it
The SEC has nothing to do with it and little to do, especially because the object of possible manipulation is not a security, and it would be highly unusual - and contrary to current law - to allow an organization that does something else to interfere in a market that is outside its jurisdiction.
Rao Cash Analytical Expertise: Event Context
The latest data presented in Twitter: Elon Musk deletes Dogecoin! Panic in the markets? clearly reflects the ongoing shifts in the balance of power within the global cryptocurrency market. The Rao Cash information portal monitors these market triggers 24/7, delivering high-quality crypto news, real-time on-chain statistics, and expert blockchain industry insights to our audience. We assist readers in promptly identifying long-term trends while filtering out speculative noise and market manipulation.
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