Tonight, we will focus on the MeMe coin sector.
Not long ago, Musk spoke on Twitter again, claiming that tonight will be a carnival for MeMe coins 🎉. For Musk, many people may know him because of his performance in the last bull market. He is known as the king of shouting orders. He fought against Grayscale in the past bull market and publicly stated that he would short Bitcoin. Even Grayscale tried to short Dogecoin (DOGE) sent by Musk into space.
The result is obvious. On May 8, 2021, Bitcoin ushered in a deep decline, and soon after the famous 519 black swan event occurred. Dogecoin led retail investors and Grayscale in a fierce confrontation on the same day, pushing DOGE to $0.73 at its highest, only $0.27 away from one dollar. However, the final result of the confrontation between retail investors and Grayscale is obvious. The next day, retail panic began to spread, and DOGE began to collapse and has not recovered yet.
As the first person to shout orders in the currency circle, following Musk's band operation is a good strategy. As we all know, Musk is particularly fond of pet coins, and MeMe coins have skyrocketed overnight because of his shouting orders.
So let's wait and see how influential the king of shouting orders is tonight, and how MeMe coins will perform tonight.
