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Dogecoin plunges nearly 30% during Elon Musk’s SNL appearance



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Pictured: (l-r) Musical guest Miley Cyrus, host Elon Musk, and Cecily Strong during Promos in Studio 8H on Thursday, May 6, 2021.NBC | NBCUniversal | Getty ImagesAs Elon Musk – the self-proclaimed “Dogefather” – made his “Saturday Night Live” debut, the price of dogecoin fell off a cliff.The meme-inspired cryptocurrency fell as much as 29.5%, dropping to 49 cents at one point. Musk mentioned dogecoin in his opening monologue and on “Weekend Update,” SNL’s satirical news show. In a Q&A with hosts Michael Che and Colin Jost, Musk called himself the “Dogefather,” said dogecoin was a “hustle,” and howled, “To the moon,” a catchphrase popular …

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