Dogecoin is crashing while Elon Musk is on Saturday Night Live
While Elon Musk hosted Saturday Night Live, Dogecoin investors sold. When SNL first went live, the cryptocurrency hovered around 69 cents (nice). But as the show wore on, the price dropped. As of this writing, it is worth 56 cents, a 12 percent plunge.
— (@N3KO1030) May 9, 2021
There was a slight recovery when Musk — on “Weekend Update,” SNL’s parody news program — explained to a bewildered Michael Che and Colin Jost what Dogecoin was. (“A hustle,” Che finally said, knowingly.) He also called himself the “Dogefather.”