“Not Even Elon Musk Can Pump DOGE”: Shiba Inu Top Executive
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The pseudonymous social media marketing lead of the Shiba Inu team, Lucie, has taken to her X account to continue the recently published post on the “ugly truth” about the backstage of the listing process on some cryptocurrency exchanges.
This time, Lucie also mentioned Dogecoin and its biggest fan, Tesla CEO and X owner Elon Musk.
Musk can't pump DOGE any more, Lucie believes
In an earlier post on the X platform (formerly Twitter) Lucie revealed the “ugly truth” about how some centralized cryptocurrency trading platforms handle requests to list new tokens from their teams.
Lucie said that exchanges often do not care whether a token has a solid ecosystem and its developers continue to improve it. Often, nothing is listed until you pay, Lucie claimed. However, she pointed out that hyped tokens get their listing done easily and quickly because CEXes are eager to make large profits on trading.
She continued her discussion of this topic in a post that was published later. Even if you do get “your desired listing,” she tweeted, “probably nothing” positive will happen to your token.
The SHIB marketing lead stated that the “market is heavily manipulated, and everyone is playing their own games.”
Lucie admitted to the crypto community that she still believes that a bull market is coming soon, however, she pointed out that “no exchanges are pumping coins” and “not even Elon can pump Doge.”
One of the reasons for this state of things, according to her, is that “new crypto holders haven’t entered the market yet, and adoption is still lacking.”
She assured the SHIB army that all they need to do is to “support Shibarium,” while the developer team stays persistent and keeps building.
Yuri MolchanElon Musk does not plan to endorse crypto
In late July, the biggest and most influential fan of the original meme cryptocurrency, DOGE, tech billionaire and entrepreneur Elon Musk, said in a podcast that he does not intend to promote crypto unless it is done via memes or in some joking manner.
He stated that he believes there could be “merit in Bitcoin and maybe some other cryptos.” As for Dogecoin, it remains his “soft spot” because it has “dogs and memes.”
Until 2021, Musk actively endorsed Dogecoin in his tweets, often causing major upward price swings in this meme cryptocurrency.
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