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Elon Musk Shoots Down Crypto Pockets App Freewallet After It Tried to Experience His Dogecoin Fame

02/11/2021
Elon Musk Shoots Down Crypto Wallet App Freewallet After It Tried to Ride His Dogecoin Fame

An try to capitalize on the continuing hype round Dogecoin has backfired for the crypto pockets app Freewallet after it was referred to as out on-line in a tweet from Elon Musk.

Musk Proclaims ‘Your app sucks,’ In Blunt Tweet Directed at Freewallet

Freewallet, driving on the Elon-Doge rocket of publicity, launched a tweet telling folks to purchase and trade Dogecoin in its crypto pockets app with a tag of the person himself.

Tagging Elon Musk comes with its personal danger, as obvious from the blunt reply:

An hour later, Musk determined to increase on his declare by leaping from his position of executioner to an educator:

As anticipated, Musk’s followers rallied behind him and joined in on the motion, resulting in an entourage of important posts being directed in direction of the crypto app. Full thread right here.

Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a shock. The value of Dogecoin soared by 60% final week in response to a tweet he made, wherein he posted an iconic scene from the Lion King that’d been edited to point out him holding up the Shiba Inu canine, the face of Dogecoin, as an alternative of Simba.

The distaste for crypto wallets and buying and selling platforms from Musk is as equally anticipated. It follows his open criticism of the choice taken by a number of platforms to stop buying and selling of Gamestop shares after the worth of the corporate soared to just about $400 a share.

This prompted a backlash from many retail merchants and high-profile figures, similar to American politician Ted Cruz. Musk went on to grill Robinhood’s CEO Vlad Tenev throughout an interview on the social community Clubhouse, which 5000 Clubhouse customers listened to (and plenty of many extra on varied reside streams that spilled onto YouTube so as to bypass Clubhouse restrict of 5k.)

The hype round Dogecoin reveals no indicators of slowing down, as different superstar figures, together with Snoop Dogg and Gene Simmons, be a part of Musk’s try of taking the meme coin to the moon. The worth of Dogecoin has jumped by over 572% within the final month.

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