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$25K Up for Grabs as Huobi Launches Contest for Elon Musk-Supported Dogecoin (DOGE), Others

Sat, 05/20/2023 - 14:43
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Tomiwabold Olajide
Huobi launches trading contest for DOGE, PEPE, LADYS, AIDOGE and FLOKI
$25K Up for Grabs as Huobi Launches Contest for Elon Musk-Supported Dogecoin (DOGE), Others
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Top crypto exchange Huobi has announced a trading contest, which it tags "Elon-Promoted Meme Tokens Trading Contests."

The cryptocurrencies at the center of the trading contest are Dogecoin (DOGE), Pepe (PEPE), Milady Meme Coin (LADYS), Floki (FLOKI) and ArbDoge AI (AIDOGE).

Winners in the contest will be able to partake in a $25,000 prize pool, with the event running from May 15 to May 22.

There are three events to the contest: first, trading in applicable future products and meeting the laid-down criteria; second, winners of the first event who engage in spot trading with the listed tokens and achieve a set trading volume might be eligible to partake in a 5,000 USDT prize pool.

Third, during the event, users who register and reach a trading volume of over 5,000 USDT in the listed tokens might be eligible to get a 100% rebate of their trading fees based on their trading volume rankings.

Elon Musk: "Dogefather" and love for memes

Popularly referred to as the "dogefather" in the Dogecoin community, Tesla CEO Elon Musk has long been regarded as a strong supporter of Dogecoin.

Elon Musk Says Offer to McDonald's on Accepting Dogecoin (DOGE) Still '100%' Open

Tesla already accepts Dogecoin for some of its merchandise, and Musk reiterated this year that he will eat a McDonald's Happy Meal on the TV if the fast food chain accepts payments in Dogecoin.

Driven by his love for memes, Musk has made some tweets that the crypto community took to be an oblique reference to a few cryptocurrencies. Unlike Dogecoin, Musk has not directly acknowledged these tokens.

Earlier this month, prices of the controversial Milady's NFT collection increased after Musk tweeted a picture of a Milady NFT with the words "There is no meme, I love you."

More recently, Elon Musk shared a "Pepe the Frog" meme, which led to a brief rise in the price of the meme coin PEPE.

FLOKI saw an impressive rise at the year's start after Elon Musk posted a meme involving his dog Floki posing as the Twitter boss.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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