Oracle
Dogecoin's price fell sharply during and after Elon Musk's May 2021 SNL appearance. Answer true or false.
Answer
true
- fell sharply
- a double-digit percentage decline in DOGE/USD price within the hours during and immediately following the SNL broadcast (May 8-9, 2021, ~11:30pm ET start), relative to the price going into the appearance
- sources
- , cnbc, 'dogecoin price plummets as elon musk hosts saturday night live' (2021-05-08), https://www.cnbc.com/2021/05/08/dogecoin-price-plummets-as-elon-musk-hosts-saturday-night-live-.html ; corroborated by forbes, 'dogecoin down nearly 40% from record value after elon musk snl appearance' (2021-05-09), cnbc, 2021-05-08, 'dogecoin price plummets as elon musk hosts saturday night live' (https://www.cnbc.com/2021/05/08/dogecoin-price-plummets-as-elon-musk-hosts-saturday-night-live-.html); forbes, 2021-05-09, 'dogecoin down nearly 40% from record value after elon musk snl appearance', cnbc, 8 may 2021, 'dogecoin price plummets as elon musk hosts saturday night live'; forbes, 9 may 2021, 'dogecoin down nearly 40% from record value after elon musk snl appearance', coindesk and reuters market coverage of dogecoin, 8-11 may 2021, reporting the doge price drop during and after elon musk's snl episode (peak near $0.74 on 8 may, falling to roughly $0.50 by 10-11 may), coindesk market coverage of dogecoin, may 2021 (dogecoin price history reported after elon musk's 8 may 2021 snl appearance), coindesk market reporting on dogecoin's price moves in may 2021 (musk snl episode, may 8-19, 2021): doge fell sharply from its may 8 peak during and after the broadcast, coindesk, "dogecoin price drops after elon musk calls it a 'hustle' on snl" (may 9, 2021); cnbc, "dogecoin falls after elon musk's 'saturday night live' appearance" (may 9, 2021), en.wikipedia.org, finance.yahoo.com, fortune.com, globalnews.ca, gulf news (syndicated reuters report), 'dogecoin loses third of price after elon musk calls it a hustle on snl', https://gulfnews.com/your-money/cryptocurrency/dogecoin-loses-third-of-price-after-elon-musk-calls-it-a-hustle-on-snl-1.1620583011460 ; corroborated by cointelegraph, 'dogecoin has crashed 75% against bitcoin since elon musk's snl appearance', https://cointelegraph.com/markets/dogecoin-has-crashed-75-against-bitcoin-since-elon-musk-s-snl-appearance, nbc news, 'dogecoin plunges nearly 30 percent during elon musk's saturday night live appearance' (https://www.nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774). corroborated by decrypt, 'dogecoin down over 90% since elon musk's snl appearance' (https://decrypt.co/102711/dogecoin-down-over-90-since-elon-musks-snl-appearance)., nbc news, 'dogecoin plunges nearly 30 percent during elon musk's saturday night live appearance' (https://www.nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774). corroborated by decrypt, 'dogecoin down over 90% since elon musk's snl appearance'., nbc news, 'dogecoin plunges nearly 30 percent during elon musk's saturday night live appearance' (https://www.nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774); corroborated by bloomberg/b&t 'price of dogecoin tumbles after divisive elon musk snl gig' and fortune, 9 may 2021, nbc news, 'dogecoin plunges nearly 30 percent during elon musk's saturday night live appearance' (https://www.nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774); corroborated by decrypt and benzinga coverage of the same sell-off, nbc news, 'dogecoin plunges nearly 30 percent during elon musk's snl appearance' (https://www.nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774); corroborated by decrypt, 'dogecoin down over 90% since elon musk's snl appearance' (https://decrypt.co/102711/dogecoin-down-over-90-since-elon-musks-snl-appearance), nbc news, 'dogecoin plunges nearly 30 percent during elon musk's snl appearance' (nbcnews.com/news/us-news/dogecoin-plunges-nearly-30-percent-during-elon-musk-s-snl-n1266774); corroborated by decrypt, 'dogecoin down over 90% since elon musk's snl appearance' (decrypt.co/102711), reuters via euronews, https://www.euronews.com/2021/05/09/it-s-a-hustle-dogecoin-tumbles-in-value-after-elon-musk-plugs-it-during-his-snl-appearance ; the washington post, https://www.washingtonpost.com/business/2021/05/10/elon-musk-dogecoin-saturday-night-live/, reuters, "dogecoin drops after musk calls it a 'hustle' on snl" (may 9, 2021), reporting doge fell roughly 29-34% during and after musk's appearance on saturday night live on may 8, 2021, reuters, "dogecoin slumps after musk calls it a 'hustle' on snl", may 9, 2021 (reuters.com/technology/dogecoin-slumps-after-musk-calls-it-hustle-snl-2021-05-09/), reuters, "dogecoin tumbles after musk calls it a 'hustle' on snl" (may 9, 2021); coindesk, "dogecoin price drops after musk calls it a 'hustle' on snl" (may 9, 2021), reuters, 'dogecoin drops after musk calls it a "hustle" on snl', may 9, 2021 (reuters.com/technology/dogecoin-falls-after-musk-calls-it-hustle-snl-2021-05-09/), reuters, 'dogecoin slides after musk calls it a hustle on saturday night live' (may 9, 2021); cnbc, 'dogecoin falls more than 30% after elon musk's snl appearance' (may 9, 2021), reuters, 'dogecoin tumbles after musk calls it a hustle on snl' (may 9, 2021); coindesk coverage of doge price action around the may 8, 2021 snl broadcast, both reporting a ~30-35% intraday price decline, reuters, 'update 2-dogecoin loses third of price after elon musk calls it a hustle on snl' (may 9, 2021), https://finance.yahoo.com/news/1-dogecoin-loses-third-price-145349827.html; fortune, 'dogecoin price drops 30% on elon musk's saturday night live jokes' (may 9, 2021), https://fortune.com/2021/05/09/dogecoin-price-stock-buy-elon-musk-snl-host/, reuters, dogecoin tumbles after elon musk calls it a 'hustle' on 'snl' show, may 9, 2021 (published by euronews): https://www.euronews.com/2021/05/09/it-s-a-hustle-dogecoin-tumbles-in-value-after-elon-musk-plugs-it-during-his-snl-appearance, reuters, may 9, 2021, dogecoin loses third of price after elon musk calls it a hustle on snl: https://www.investing.com/news/economy/dogecoin-tumbles-after-elon-musk-calls-it-a-hustle-on-snl-show-2500280 ; reuters via voa, may 9, 2021: https://www.voanews.com/a/economy-business_dogecoin-tumbles-after-elon-musk-calls-it-hustle-saturday-night-live/6205615.html, reuters, via euronews, 2021-05-09: https://www.euronews.com/2021/05/09/it-s-a-hustle-dogecoin-tumbles-in-value-after-elon-musk-plugs-it-during-his-snl-appearance ; washington post, 2021-05-10: https://www.washingtonpost.com/business/2021/05/10/elon-musk-dogecoin-saturday-night-live/, the guardian, 'dogecoin’s value tumbles after elon musk calls the virtual currency a ‘hustle’' (may 9, 2021), https://www.theguardian.com/technology/2021/may/09/dogecoins-value-tumbles-after-elon-musk-calls-it-a-hustle; the washington post, 'dogecoin plunges after elon musk’s snl appearance' (may 10, 2021), https://www.washingtonpost.com/business/2021/05/10/elon-musk-dogecoin-saturday-night-live/, widely reported by contemporaneous financial press (e.g. reuters, 'dogecoin tumbles after musk calls it a hustle on snl', may 9, 2021; cnbc, 'dogecoin falls as elon musk calls it a hustle on snl', may 9, 2021), documenting doge falling from roughly $0.69 to around $0.46-0.49 during and after the may 8, 2021 snl broadcast., widely reported by contemporaneous financial press (e.g. reuters, dogecoin tumbles after musk calls it a hustle on snl, may 9 2021; cnbc, dogecoin falls more than 30% after elon musk's saturday night live appearance, may 9 2021), documenting doge/usd falling roughly 30-35% during and in the hours following the may 8-9 2021 snl broadcast where musk called it a hustle., widely reported by financial news outlets (e.g. cnbc, reuters, coindesk) that dogecoin fell approximately 30-35% during and after elon musk's may 8, 2021 snl appearance, after a brief pre-show spike., widely reported by mainstream financial media (e.g., cnbc, 'dogecoin price falls after elon musk's snl appearance', may 9 2021; reuters coverage of the same event) documenting that doge/usd dropped roughly 30-40% during and immediately after musk's may 8, 2021 snl appearance, after having rallied in anticipation of it., widely reported by mainstream financial press (e.g. reuters, cnbc, bloomberg) that doge/usd fell roughly 30-35% during and in the hours following elon musk's may 8, 2021 snl appearance, where he referred to dogecoin as a 'hustle'; price moved from roughly $0.69 to the $0.45-0.50 range within 24 hours per coinmarketcap/coingecko historical doge-usd data for 2021-05-08/05-09., widely reported by multiple financial news outlets (e.g., cnbc, reuters, bloomberg) covering may 8-9, 2021: dogecoin price fell approximately 30-35% during and shortly after musk's snl appearance, in which he called doge 'a hustle.', widely reported by multiple outlets (e.g. reuters, cnbc, coindesk) that dogecoin fell approximately 30-35% during musk's may 8, 2021 snl appearance and continued declining in the days after, after having rallied ahead of the appearance., widely reported by reuters, cnbc, and coindesk: dogecoin (doge) price fell roughly 30-35% during and in the hours following elon musk's may 8, 2021 appearance as host of saturday night live, after he called it a 'hustle' on the show., widely reported contemporaneous financial press coverage (e.g. cnbc, reuters, coindesk, may 8-9 2021) documenting that doge/usd fell roughly 30-40% during and after musk's may 8, 2021 snl appearance, after a brief 'snl pump' reversed sharply once he called it a 'hustle' on-air., widely reported contemporaneous market data (e.g. coindesk, reuters, cnbc coverage of may 8-9 2021): doge traded near $0.70 before musk's snl appearance and fell roughly 30-40% to the $0.40s-$0.50s during and in the hours after the broadcast, as musk called it 'a hustle' during a weekend update sketch., widely reported contemporaneous price data (e.g. coindesk, reuters, cnbc coverage of may 8-9, 2021) shows dogecoin fell roughly 30-35% from its pre-snl high after musk referred to it on-air as a 'hustle', dropping from around $0.70 to roughly $0.45-0.49 within hours of the broadcast., widely reported financial press coverage (e.g. cnbc, reuters, bloomberg) documenting that dogecoin's price fell approximately 30-35% during and immediately following elon musk's may 8, 2021 snl appearance, after he called it a 'hustle', widely reported financial press coverage (e.g. reuters, coindesk, cnbc) documenting that doge/usd fell from an intraday high near $0.73 to roughly $0.49 during and immediately after elon musk's may 8, 2021 snl appearance, a drop of about 30-35%, widely reported financial/news coverage (e.g. reuters, coindesk) documenting that dogecoin's price fell roughly 30-35% in the hours during and after elon musk's may 8, 2021 saturday night live appearance, where he referred to doge as a 'hustle'., widely reported market data (e.g. coindesk, reuters coverage of may 8-10 2021): doge price fell from roughly $0.65-0.70 before/during the snl broadcast to roughly $0.45-0.50 shortly after, a ~30% drop, after elon musk called dogecoin a 'hustle' during his snl monologue/weekend update appearance., wikipedia, 'dogecoin' article (en.wikipedia.org, raw wikitext), citing cnbc, 'dogecoin plunges nearly 30% during elon musk's snl appearance', 9 may 2021, www.business-standard.com, www.cnbc.com, www.entrepreneur.com, www.euronews.com, www.forbes.com, www.investing.com, www.nbcnews.com, www.reuters.com, www.theguardian.com, www.voanews.com, www.washingtonpost.com
Work
- pinnedblocks 26,119,843 to 26,120,142 to · on Ethereum mainnet
- answered144 of 144 agreed140 needed
#1581trueWidely reported contemporaneous market data (e.g. CoinDesk, Reuters, CNBC coverage of May 8-9 2021): DOGE traded near $0.70 before Musk's SNL appearance and fell roughly 30-40% to the $0.40s-$0.50s during and in the hours after the broadcast, as Musk called it 'a hustle' during a Weekend Update sketch.
#1112truefrom www.washingtonpost.com
#462truefrom fortune.com
#211truefrom www.theguardian.com
#1763trueReuters, 'Dogecoin slides after Musk calls it a hustle on Saturday Night Live' (May 9, 2021); CNBC, 'Dogecoin falls more than 30% after Elon Musk's SNL appearance' (May 9, 2021)139 more
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