1/ "why is $DOGE pumping?" pull up a chair, my friends, the answer is in plain sight DOGE is up 500% over the last 7 days and is now $48B in market cap, making it the fifth largest cryptocurrency by market cap. but why? let's look at r/WallStreetBets
2/ on wednesday, ahead of the $COIN listing, the WSB mods changed their ban on crypto discussion to allow talk about 3 cryptocurrencies - #Bitcoin , ethereum, and... you guessed it... $DOGE as you can imagine, the WSB community went wild
3/ not 24 hours later, the mods reverse that decision and announced they would ban all crypto chatter on the forum indefinitely according to some reports, the ban was a response to this @business article claiming WSB mods were bowing to pressure
bloomberg.com/news/articles/…
4/ now if we've learned one thing about the 🌈🐻 fine people 💎🙌🏾 of r/wsb, they do not like to be told what to do so is this a revenge pump?
5/ all i know is this $SPY, the most widely held and traded ETF, traded around ~$25B in yesterday’s session. $DOGE, the popular meme coin (sorry Dentacoin), has traded about ~$70BN in the last 24 hours. wrap your brain around that. it's f*ing CRAZY TOWN.
6/ look at the $DOGE repo on github... sometimes things defy expectation. we're definitely in a super interesting market cycle right now. the trend is your friend. put away your galaxy brain IQ. it is not useful where we are going.
7/ the people have spoken, and the people want DOGE. the power of memes is moving markets. you absolutely love to see it. it's gonna break people's brains, and we're just getting started. to all the @TikTokInvestors who are now $DOGE millionaires, cheers 🍾
