[Bitcoin Now] Hovering Around 42 Million Won... Snoop Dogg Joins Dogecoin Rally

Elon Musk Responds to Snoop Dogg... Interest in Dogecoin Grows Even Hotter

Tesla CEO Elon Musk posted on his Twitter account on the 7th (local time) a photo combining the Shiba Inu dog symbolizing Dogecoin, singer Snoop Dogg, Gene Simmons of the band KISS, and his own face into an animated character. (Source: Screenshot from Elon Musk's Twitter account)

[Asia Economy Reporter Gong Byung-sun] While the representative cryptocurrency Bitcoin is hovering around 42 million KRW, celebrities such as Elon Musk, CEO of Tesla, and American singer Snoop Dogg have joined the Dogecoin rally.

According to the domestic cryptocurrency exchange Upbit, as of 2:30 PM on the 8th, Bitcoin recorded approximately 42 million KRW, up about 1.4% compared to 24 hours earlier. It rose to 42,307,000 KRW at 9:10 AM and fluctuated around 42 million KRW, recording 41,562,000 KRW at 12:56 PM.

Meanwhile, other celebrities have joined the Dogecoin craze. Earlier this month, individual investors united in response to hedge funds' short selling and bought 'GameStop' stocks, causing significant losses to hedge funds. Drawing a parallel, Dogecoin is also considered a means to counter institutional investors. After Elon Musk, who supported the shareholders buying GameStop, expressed his support for Dogecoin, other celebrities have followed suit in response.

American singer Snoop Dogg mentioned Dogecoin on Twitter on the 7th (local time). Calling himself 'SnoopDoge,' he posted an image with the Dogecoin mascot Shiba Inu replacing his face. On the 6th (local time), Gene Simmons of the rock band KISS, who called himself 'the god of Dogecoin' on Twitter, also mentioned Dogecoin again. In response, Elon Musk posted on Twitter on the 7th (local time) an edited animation scene from ‘The Lion King’ showing himself, Snoop Dogg, and Simmons holding Shiba Inu dogs. He also parodied the famous song by Baha Men, 'Who Let the Dogs Out,' as 'Who Let the Doge Out.'

The public posted graphics on Twitter and other platforms combining the Shiba Inu with movies like ‘John Wick’ and ‘300,’ turning it into a heroic symbol. They encouraged each other not to sell Dogecoin, unlike GameStop, as its value was expected to continue rising. However, there was also cautionary advice that premature decisions could lead to financial losses.

Meanwhile, at the same time, Dogecoin recorded 79 KRW, up about 32% compared to 24 hours earlier. It even rose to 93.6 KRW at 7:28 AM that day.

This content was produced with the assistance of AI translation services.