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Bitcoin $115,625.84 0.00%
Ethereum $4,620.32 -0.43%
BNB $928.70 -0.13%
Optimism $0.79 -3.77%
Arbitrum $0.52 -4.07%
Solana $248.14 +4.16%
Polygon $0.22 +2.77%
Cosmos $4.69 -3.02%
Avalanche $29.64 -0.01%

Elon Musk Warns DOGE Investors Not to Bet Their Life Savings on Meme Token, Leading to 3% Decline in Price

Elon Musk's recent comments about Dogecoin caused a 3% drop in the meme token's price. Although Musk still favors DOGE, he advised investors not to bet their life savings on it.

This warning surprised the crypto community on Twitter, given Musk's past support for the meme token. DOGE is currently trading at $0.070, down more than 4% over the past 24 hours, with a daily trading volume of $198 million and a market capitalization of $9.7 billion.

Dogecoin $0.28

-2.32%

Elon Musk DOGE

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According to Whale Alert, a chain data tracking service, there were two large DOGE transfer transactions today. One address starting with "DDuXGF" transferred 450 million DOGE to Robinhood, worth approximately $62,694,29. The other address starting with "DJfU2p" transferred 56,963,057 DOGE to Binance, worth approximately $7,915,994.

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Elon Musk Warns DOGE Investors Not to Bet Their Life Savings on Meme Token, Leading to 3% Decline in Price

All Comments

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Robinhood wallet transfers 100 million DOGE

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Over 500 million DOGE transferred to Binance and Robinhood today

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