Doge Goes Down 11%, Erasing Weekend Gains, Here's Likely Reason

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Doge Goes Down 11%, Erasing Weekend Gains, Here's Likely Reason
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$DOGE loses 11% from weekend's bull run, whale moves 200 million Dogecoin from RobinhoodApp. elonmusk whale_alert

As the fall began, an anonymous whale shifted a whopping 200 million Dogecoin, allegedly from a Robinhood wallet.As reported by U.Today on Saturday, the original meme coin's price soared by roughly 15% between Friday and Saturday. One of the reasons for that was likely Elon Musk's tweet, in which he stated that he should Twitter bump into problems with app stores for Android and iOS apps.

Apparently, the DOGE community decided that this is another potential opportunity for the global adoption of the meme coin, making it"the people's crypto," as Elon Musk referred to it in February 2021.The community has already sort of called this potential smartphone from Musk a"Tesla phone.

However, over the past two years, Elon Musk's tweets have started losing their"pushing power" for the price of Dogecoin and if the intention to launch an alternative smartphone with a new OS was the key driver, it did not last long.

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