What happens when a single post sends a coin soaring in one day?
Here’s how I see it: “A celebrity mentioned it” and “a celebrity holds it” are two different things. Celebrities can just as easily change their tune or exit soon after.
The celebrity effect is especially pronounced with meme coins, because these coins have few other valuation benchmarks to begin with.
$DOGE has seen several sharp short-term swings after celebrity posts in the past.
#DOGE
Make your own decisions about when to enter or exit—don’t follow the crowd blindly.
Here’s how I see it: “A celebrity mentioned it” and “a celebrity holds it” are two different things. Celebrities can just as easily change their tune or exit soon after.
The celebrity effect is especially pronounced with meme coins, because these coins have few other valuation benchmarks to begin with.
$DOGE has seen several sharp short-term swings after celebrity posts in the past.
#DOGE
Make your own decisions about when to enter or exit—don’t follow the crowd blindly.