Legend has it that he is good friends with Ryan Cohen, soon to be appointed chairman of gamestop.
Apparently doge was being used as a pump and dump by hedgefunds to prevent margin call, as once the short squeeze hits the entire stock market will collapse.
Do you have any idea of how big "the entire stock market" is in relation to the entire crypto space, not alone Doge in particular, or the valuation of a second-tier hedge-fund? You're talking about fleas and dogs and brontosaurs.
"once the short squeeze hits the entire stock market will collapse."
That's not what stock prices do in a short-squeeze.
Legend has it that he is good friends with Ryan Cohen, soon to be appointed chairman of gamestop.
Apparently doge was being used as a pump and dump by hedgefunds to prevent margin call, as once the short squeeze hits the entire stock market will collapse.
Musk is helping
Do you have any idea of how big "the entire stock market" is in relation to the entire crypto space, not alone Doge in particular, or the valuation of a second-tier hedge-fund? You're talking about fleas and dogs and brontosaurs.
"once the short squeeze hits the entire stock market will collapse."
That's not what stock prices do in a short-squeeze.
exotic derivatives plus hyper leverage can lead to extreme outcomes