This topic is interesting—let's dig into the years-long "interactive show" between a well-known entrepreneur and Dogecoin.
First, the key conclusion: a single tweet can boost Dogecoin by 30% within 24 hours, and the same tweet can also cause it to plummet by 40%. This isn't some mysterious financial magic; it's a real script that has been repeatedly played out over the past few years. I will clarify the logic behind this from three perspectives: market performance, technological fundamentals, and community ecology.
**The Double-Edged Nature of Traffic: Driver or Destroyer?**
The story between that entrepreneur and Dogecoin is a bit sensational. In April 2023, the logo of a certain social platform changed overnight from a blue bird to a Shiba Inu avatar. Dogecoin responded immediately, soaring by 30%. Less than three days later, the logo was reverted, and the coin's price tumbled nearly 9%. Even more exaggerated was 2021, when that entrepreneur casually said on a show that Dogecoin was a scam, causing its market cap to evaporate by one-third.
My straightforward view: this entrepreneur is essentially a "traffic engine" for Dogecoin, but engines overheat if run too long. Relying solely on celebrity hype to push up the price is like blowing air into a balloon desperately— the harder you blow, the more violently it will burst in the end. The paradox is, he advocates decentralization while himself becoming the central node of the entire ecosystem. This is a satirical paradox in itself.
**From Tipping to Space Dreams: The Cold Reality of Application Scenarios**
Dogecoin's rise a few years ago was mainly driven by the tipping culture in Europe and America. Cheap, fast transfers, and no pain when tipping. But now, the community's fantasies have upgraded—using Dogecoin to buy luxury homes, space travel tickets. What is the reality?
Actual implemented applications include: merchandise for a certain electric vehicle brand, support for Dogecoin payments in a satellite internet service.
Still in the conceptual stage: real estate transactions in Japan, cross-border payments, and so on.
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BearWhisperGod
· 13h ago
A tweet goes up 30% and down 40%, that's just ridiculous. Basically, it's being manipulated like a bunch of leeks being harvested.
Someone says the coin is a scam and the price drops by a third? Then what's the point of buying?
This guy is just riding the hype to manipulate the market, claiming decentralization while becoming a central node himself. Truly ironic.
Tips coins turning into luxury home coins, space coins dreams—real-world applications are still just dreams.
Dogecoin was originally a joke, and now it's become a profit chain.
Blowing up balloons until they burst, retail investors always end up with the worst deal.
View OriginalReply0
MEVSupportGroup
· 18h ago
It's so damn real, it's just a manipulation game by the whales.
A single tweet can cause a 30% rise or a 40% drop— isn't that blatant manipulation? I just don't believe it's not intentional.
Dogecoin is now a joke. What about real use cases? Still dreaming.
Decentralization, my ass. The entire ecosystem revolves around one person. What kind of Web3 spirit is that?
Bitcoin at least has a store of value logic. What about Dogecoin? Just a pure traffic harvesting machine.
If early investors hadn't sold out quickly, those who are still holding now are the real warriors.
View OriginalReply0
FlashLoanKing
· 18h ago
Basically, it's just one person's puppet coin with no technical content.
One tweet can make it rise 30% and fall 40%. What kind of currency is that? Pure gambling entertainment.
Dogecoin has gone from a tipping coin to what it is now, which is quite ironic.
As soon as he opens his mouth, the market cap evaporates by one-third. How fragile is this ecosystem?
Decentralized? Laughable. The entire coin revolves around one person.
Application scenarios are just that—buying peripheral products... It should have been clear from the start.
View OriginalReply0
POAPlectionist
· 18h ago
Uh... one tweet can handle one-third of the market cap, isn't that pure gambling?
The part about Shiba Inu changing its logo was really awesome. That's how the crypto world is.
To be honest, it's still too centralized; they can't even figure out decentralization.
The application scenarios are really dragging down the industry; just blowing bubbles won't do any good.
View OriginalReply0
TestnetNomad
· 18h ago
Honestly, a single tweet can cause a 30% increase or a 40% decrease. This is just a game of hot potato.
One person's words can determine the price of a coin. What is this, decentralization? That's hilarious.
From tipping to buying luxury houses, the community's fantasies are really daring to imagine, but the reality is so stark.
No matter how inflated the balloon gets, it will still burst with a poke. Nothing surprising about that.
So, did Doge ultimately become just one person's plaything?
Purely creating coins for traffic, sooner or later, debts will have to be repaid.
View OriginalReply0
GasFeeCrier
· 18h ago
A 30% increase in a single tweet? Are you really treating crypto investors like cash cows? Wake up, everyone.
This topic is interesting—let's dig into the years-long "interactive show" between a well-known entrepreneur and Dogecoin.
First, the key conclusion: a single tweet can boost Dogecoin by 30% within 24 hours, and the same tweet can also cause it to plummet by 40%. This isn't some mysterious financial magic; it's a real script that has been repeatedly played out over the past few years. I will clarify the logic behind this from three perspectives: market performance, technological fundamentals, and community ecology.
**The Double-Edged Nature of Traffic: Driver or Destroyer?**
The story between that entrepreneur and Dogecoin is a bit sensational. In April 2023, the logo of a certain social platform changed overnight from a blue bird to a Shiba Inu avatar. Dogecoin responded immediately, soaring by 30%. Less than three days later, the logo was reverted, and the coin's price tumbled nearly 9%. Even more exaggerated was 2021, when that entrepreneur casually said on a show that Dogecoin was a scam, causing its market cap to evaporate by one-third.
My straightforward view: this entrepreneur is essentially a "traffic engine" for Dogecoin, but engines overheat if run too long. Relying solely on celebrity hype to push up the price is like blowing air into a balloon desperately— the harder you blow, the more violently it will burst in the end. The paradox is, he advocates decentralization while himself becoming the central node of the entire ecosystem. This is a satirical paradox in itself.
**From Tipping to Space Dreams: The Cold Reality of Application Scenarios**
Dogecoin's rise a few years ago was mainly driven by the tipping culture in Europe and America. Cheap, fast transfers, and no pain when tipping. But now, the community's fantasies have upgraded—using Dogecoin to buy luxury homes, space travel tickets. What is the reality?
Actual implemented applications include: merchandise for a certain electric vehicle brand, support for Dogecoin payments in a satellite internet service.
Still in the conceptual stage: real estate transactions in Japan, cross-border payments, and so on.
The gap is right here.