After the TikTok pump last year, dogecoin (DOGE) just was seemingly pumped by another community. This time, it might be related to the r/wallstreetbets subreddit, with 4.1m users, responsible for the GameStop pump this month.
At the time of writing (05:15 UTC), DOGE, ranked 31st by market capitalization, trades at USD 0.01129 and is up by 44% in the past hour and 44% in a day. It's also up by 32% in a week and 104% in a month.
DOGE price chart:
The rally coincided with this question on Twitter:
@WSBChairman Get $DOGE to the moon Mr. Chairman person man.— Goldenboy (@GoldenboyFTW)
"WSB Chairman" claims to be the "Chairman of WallStreetBets" and has over 341,700 followers on Twitter.
After DOGE skyrocketed, the author of the post followed with a question: "Has Doge ever been to a dollar?" During the TikTok pump last summer, the goal was also to push up the price of DOGE to USD 1.
TikTok pump last summer vs. the pump today:
And all this DOGE story started with a question: "Anybody own bitcoin?"
@WSBChairman WSB + Tesla + Bitcoin = Wall Street nightmare— Pomp ???? (@APompliano)
BTC trades at USD 31,228 and is down by 1% in a day.
Learn more: Cubans Turn to Bitcoin, Ethereum and Dogecoin as US Sanctions Bite Penny Altcoins Rally While TikTokers & Co Go on a Pumping Spree Dogecoin Pump Ends as Price Dumps 40% From Top This is Why Dogecoin is Better than 'Altcoins-Degenerators'