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That, and folks like Elon Musk perpetrating blatant Pump 'n Dump Schemes[1].

Eventually it'll be regulated after a bunch of opportunistic "investors" get hosed - which ironically, will make the dump even worse.

[1] https://www.valuethemarkets.com/2021/02/09/if-dogecoin-is-a-...



The dump doesn't seem to have happened yet, though. DOGE has stabilized at about $.07, down from ~$.08.




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