Dogecoin (DOGE) Drops 6% As Elon Musk’s SpaceX Test Rocket Launches, Explodes

The worth of well-liked meme asset Dogecoin (DOGE) dipped 6% as we speak as tech billionaire Elon Musk’s SpaceX launched a take a look at rocket solely to blow up shortly after.

Based on a brand new report by CNBC, the take a look at launch of the corporate’s Starship rocket had a profitable begin till it blew up 4 minutes into its flight because of a “fast unscheduled disassembly” in line with SpaceX.

Information of the incident despatched DOGE downwards, because the meme coin is now buying and selling for $0.0855, a 7.9% drop from its 24-hour peak of $0.0929 and a 6% drop on the day general.

Musk, who instantly congratulated his workforce on the launch of the rocket, said that the corporate has “realized lots for the following take a look at launch,” which is scheduled to occur in a number of months. Nonetheless, his tweet didn’t explicitly point out the rocket’s explosion or put up any accompanying photographs of it.

Musk’s tweets have impacted the worth of Dogecoin prior to now. Final week, the enterprise magnate responded to a meme photograph posted by a DOGE graphics designer which had an image of the chief government in a tough hat working in what gave the impression to be a mine, which on the time brought on DOGE to briefly spike 5%.

In his message, the graphic designer provided up cost in DOGE for anybody who may present proof towards the rumor that Musk as soon as owned an emerald mine.

Musk additionally chimed in, including that he would additionally pay anybody who may procure such proof 1 million DOGE, prompting the rise in DOGE.

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