Tesla CEO Elon Musk is refusing to stop tweeting about Dogecoin even amid rumors about the U.S. Securities and Exchange Commission being on his trail.
Advertisement
Advertisement
The entrepreneur has now introduced his "Doge meme shield," in which memes serve as a soldier taking missiles and bombs from bears to protect the meme cryptocurrency's value from dropping.
Dogecoin instantly jumped over five percent following his tweet.
Morning Crypto Report: Say Goodbye to 1.21% of All XRP, Shiba Inu (SHIB) Confirms Golden Cross: 23% Rally Expected, Cardano Price Prints Legendary Bull Pattern: ADA Next Silver?
XRP, TSLA, and GME Among Top Searches on Elon Musk's X
Crypto Market Review: XRP Loses Impulse; Bitcoin (BTC) Signals Oversold Conditions; Shiba Inu (SHIB) Rejected Under Tight Range
Ripple CEO Breaks Silence on Coinbase Drama
Mon, 03/01/2021 - 19:36
Here's One Thing XRP Holders Don't Want to Miss in SEC Chair Nominee's Opening Testimony
Advertisement
On Feb. 25, financial markets newswire First Squawk revealed that the SEC was planning to investigate Musk's Dogecoin tweet, citing anonymous sources.
However, the billionaire doesn't appear to be deterred by another showdown with the regulator, tweeting that such an investigation would be "awesome."
Caroline Amosun
Denys Serhiichuk
Godfrey Benjamin
Gamza Khanzadaev