Elon & DOGE SNL Appearance
Impact
DOGE −30% within 24hrs of appearance
What happened
Elon Musk's hosting of Saturday Night Live on May 8 had been hyped for weeks as a Dogecoin catalyst. Twitter-scraping algorithms were positioned to buy on any Musk mention that fit a bullish pattern. Instead, Musk called Dogecoin 'a hustle' on live TV. The algorithms flipped short immediately. DOGE fell about 30 percent inside 24 hours, including the move that happened between the SNL broadcast on the East Coast and the later broadcast on the West Coast.
Context
Musk tweeted “Doge” with a rocket emoji. Algorithms reading Twitter executed buys before humans could react.
Era
05 · Twitter & Crypto Influencers
A single Musk tweet could move Bitcoin 15% before most people read it. Algorithms scraped Twitter in real-time and executed trades faster than human cognition.
Read the full era →Also see across timelines
Other events in this era
← Earlier in era
GameStop Squeeze
Later in era →
AP Twitter hack