On Thursday, Dogecoin, a cryptocurrency that has been adopted as a pet of project by Tesla billionaire Elon Musk, has suddenly crashed with a big loss of 10 percent of its value in the last 24 hours.
As per the last week’s reports, the dogecoin price is down by almost 20 percent over the past week, after the drop, YouTuber and dogecoin investor Matt Wallace announced that he was buying a new Tiger King-branded cryptocurrency.
On 4th July Wallace tweeted that, “I feel like $tking is going to go crazy when season two of Tiger King comes, buying it up fast.”
The Tiger King-branded taking token has soared over 1,000 percent this week but till yet there’s no news from Netflix about the announcement for a second season of the hit show.
Tking, launched in May and traded on the decentralized Uniswap exchange, which has been endorsed by an unverified Twitter account said to be the “official account of Joe Exotic.” Tking, with a negligible trading volume of $7 million.
Besides this, Wallace is going on to reaffirm his support on the meme-based dogecoin, and a sell-off has been sent off to the dogecoin price more than 30 percent lower within the last few months.
Yesterday late at night Wallace also added a tweet, “I am still holding my dogecoin and bitcoin despite the recent drops, Dogecoin actually is the future cryptocurrency of earth.”
