An attempt to capitalize on the ongoing hype surrounding Dogecoin has hit the crypto-wallet app Freewallet after it was announced online in a tweet from Elon Musk.
Musk announces’ Your app is’, ‘A blunt tweet aimed at Freewallet
Freewallet, which rides on the Elon-Doge rocket of publicity, released a tweet that people had to tell buy and exchange Dogecoin in its crypto-wallet app with a label of the man himself.
The labeling of Elon Musk involves its own risk, as evidenced by the blunt answer:
Your app is struggling
– Elon Musk (@elonmusk) 10 February 2021
An hour later, Musk decided to expand his claim by jumping from his role as executioner to an educator:
Any crypto-wallet that does not give you private keys should be avoided at all costs
– Elon Musk (@elonmusk) 10 February 2021
As expected, Musk’s followers joined behind him and took part in the action, which led to a series of critical posts targeting the crypto app. Full thread here.
Musk’s critique of cryptocurrencies and his love of Dogecoin should come as no surprise. The price of Dogecoin increased by 60% last week in response to a tweet he made, in which he posted an iconic scene of the Lion King being adapted to show how he holds up the Shiba Inu dog, the face of Dogecoin, instead of Simba .
Musk’s dislike of crypto wallets and trading platforms is as expected. This follows his open criticism of the decision taken by various platforms to stop trading of the Gamestop shares after the price of the company rose to nearly $ 400 per share.
This led to a setback for many retailers and high-profile figures, such as the American politician Ted Cruz. Musk went on to roast Robin Ten CEO Vlad Tenev during an interview on the social network Clubhouse, which was listened to by 5,000 clubhouse users (and many more in various live streams poured out on YouTube to bypass the clubhouse limit of 5,000.)
The hype surrounding Dogecoin shows no signs of slowing down, as do other well-known figures, including Snoop Dogg and Gene Simmons, join Musk’s attempt to take the memo coin to the moon. The value of Dogecoin has jumped by more than 572% in the last month.
Who holds your keys? Let us know in the comments below.
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