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An attempt to capitalize on the ongoing hype around Dogecoin backfired on crypto wallet app Freewallet after it was called online in a tweet by Elon Musk.
Musk proclaims ‘Your app sucks’ in blunt tweet made on Freewallet
Freewallet, mounted on the Elon-Doge advertising rocket, posted a tweet asking people to buy and trade Dogecoin in its crypto wallet app with a label of the man himself.
Tagging Elon Musk comes with its own risk, as the straightforward answer shows:
Your app sucks
– Elon Musk (@elonmusk) February 10, 2021
An hour later, Musk decided to develop his claim by switching from his role of executioner to that of educator:
Any crypto wallet that won’t give you your private keys should be avoided at all costs
– Elon Musk (@elonmusk) February 10, 2021
As expected, Musk’s supporters rallied around him and joined in the action, leading to an entourage of critical messages directed at the crypto app. Full thread Here.
Musk’s reviews of crypto wallets and his love for Dogecoin shouldn’t come as a surprise. The price of Dogecoin climbed 60% last week in response to a tweet he posted, in which he posted an iconic scene from The Lion King that had been edited to show him holding the dog Shiba Inu, the face of Dogecoin, instead of Simba.
Equally expected is the distaste for Musk’s crypto wallets and trading platforms. It follows his open criticism of the decision taken by several stop negotiating Gamestop shares after the company’s price climbed to nearly $ 400 a share.
This caused a backlash from many retail traders and prominent figures, such as an American politician Ted cruz. Musk continued toasting Robinhood CEO Vlad Tenev during an interview on the Clubhouse social network, which 5,000 Clubhouse users listened to (and many more on various live streams that spilled out on YouTube to bypass Clubhouse’s 5k limit.)
The hype around Dogecoin shows no signs of slowing down, like other famous people including Snoop dogg and Gene Simmons, join Musk’s attempt to bring the coin back to the moon. The value of Dogecoin has jumped over 572% in the past month.
Who keeps your keys? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Twitter,
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