Videos in which Tesla owner Elon Musk shouts “Daddy Doge” before getting in a car eventually pump up the value of the new meme token at 798.5%.
This month we have witnessed many actions of meme tokens, thanks to Elon Musk.
Earlier this week, after appearing in court in a case involving Tesla’s $ 2.6 billion acquisition of SolarCity, the billionaire was asked by a man in the crowd for his first day in court.
“-Elon, how was the first day?
-Dad DOGE.”
That’s what Musk told the stubborn fan as he got into a parked vehicle. Apparently that was enough to pump up the price of the token.
Inspired by the Dogecoin (DOGE) token, Daddy Doge (DADDYDOGE) is one of the newer meme tokens that chases profits from price pumps organized through intensive online shilling.
Meanwhile, another video includes Musk screaming.Daddy Doge to Mars!”Began circulating on Twitter.
Daddy Doge works on the Binance Smart Chain (BSC) and was especially popular this week, following an ad by Musk.
The token was traded sideways and in low volume before the event, according to data from CoinMarketCap.
While Daddy Doge is currently down 31%, this week the price of the token jumped 798.5%.
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The coin has a 9% transaction tax, with 3% distributed to holders, 3% to its PancakeSwap liquidity fund and 3% goes to the marketing portfolio.
Billy Marcus, who co-created Dogecoin with Jackson Palmer in 2013, recently said on Twitter that there is not enough new money to support all the new tokens.which are made every minute”In the ecosystems of Binance Smart Chain and Ethereum.
