The monument-inspired cryptocurrency fell 29.5 percent to 49 cents at one point. Musk mentioned Doc Coin in his opening monologue and SNL’s satirical news program “Weekend Update”.
In a question-and-answer session with hosts Michael Say and Colin Jost, Musk called himself “DocFather”, calling DocCoin a “bustle” and “to the moon”, a catchphrase for a popular Doge activist who aims to drive the value of cryptocurrency.
During the “Weekend Update” skit, the price of doc coin began to rise again. At the time of this writing, it is worth 45 cents, down about 17 percent from the start of the show.
During the frantic sale, many Robinhood Users complained Robinhood’s cryptocurrency is not working.
This is not the first time Robinhood has missed out on key trading volume in Doc Coin. Last month, the trading platform said customers enjoyed it “Widespread cryptocurrency failures” During a Dog Coin rally.
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Don’t expect Wall Street to swim.
“Musk, also known as the Tok Father, will undoubtedly have a portrait of cryptocurrencies that will probably go viral for several days, prompting an army of his followers to try to send Tok Coin to the moon.” Written by Edward Moya, Onda’s Senior Market Analyst, in a note on May 4th.
Dog Coin fans were huge on Twitter during the show, and Direct streams Dedicated to watching “SNL” on YouTube and simultaneously tracking dogecoin’s movements.
Musk mentioned about a competitor tonight. “I can say something really shocking, like I’m driving a Prius.”
Disclosure: “Saturday Night Live” is a television program on NBC Universal, the parent company of NBC News.