Even Elon Musk appearance on last night’s edition of Saturday Night Live edition cannot stop the sharp plummet for Doge. After hitting the all-time of peaking at $0.73, the cryptocurrency struggled to recover after dipping from $0.71 to $0.67 in the space of five minutes.
Tesla CEO Elon Musk did everything in his capacity to drive up Doge’s price, instead him mentioning the altcoin sort of sparked a sell-off instead. The mom and son due tried to relax on the comedy show but seems like the writing was on the wall.
Elon Musk is a wise man, possibly understanding the volatile nature of Doge, he even cautioned crypto investors earlier. Interesting what he had to say about cryptocurrency in the video below.
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Robinhood Crashes as Doge falls
Robinhood one of the top platforms for trading Dodge crashes as a result of the heavy traffic due to the huge Doge sell-off. It was at the same time the Altcoin also dipped, though things were resolved an hour later.
Robinhood advised its users to continue monitoring the situation and apologized if any inconvenience caused to its users.
Christine Brown, Chief Operating Officer, Robinhood said the platform will reach out to customers who the system downtime may have impacted.
Robinhood also crashed on May 4 when Dodge traded at an all-time high of $0.60. Reports confirm there are no ties to the crash on rising in DOGE’s price at the time.
Earlier in April when Elon Musk’s tweet triggered a spoke in altcoin prices, the platform was out of action for hours, “unprecedented demand” as the reason for the outage.