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, an 18 percent plunge.
Musk didn’t shy away from Dogecoin during the show. SNL devoted a Weekend Update segment to it, with Musk playing the role of a financial expert who keeps trying to explain the digital money to people who (just like in real life) don’t quite get what it means. He eventually admits that “yeah, it’s a hustle.”
Musk also had memorable moments as Wario on trial, a cowboy inventor and, of course, himself (taking charge of a Mars colony rescue).
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. He also called himself the “Dogefather.”
As if to celebrate, trading platform Robinhood promptly crashed for cryptocurrency users. Earlier this week, Robinhood tweeted, “We’re all paws on deck, all weekend. [rocket emoji]” (I need the S-1.) A month ago, the trading platform crashed during a Dogecoin rally.
