Cryptocurrencies

Dogecoin Goes on Wild Ride as Musk Calls It a ‘Hustle’

Digital currency has surged more than 21,000% in past year
SpaceX says it will launch a mission to the Moon in 2022

WATCH: Dogecoin, the 5th most valuable cryptocurrency, retreated from an all-time high after billionaire Elon Musk appeared on Saturday Night Live and jokingly called it “a hustle.” (Source: Quicktake)

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By Anders Melin

May 9, 2021 at 10:21 PM UTC

Updated on

May 10, 2021 at 12:39 AM UTC

This article is for subscribers only.

Dogecoin investors had a wild ride this weekend.

After hitting a record on Saturday ahead of Elon Musk’s appearance on “Saturday Night Live,” the digital currency began to fall hours before the show began and continued to drop as he delivered his opening monologue.