Following Musk’s Tweet, 169 New DOGE Contracts Created On Ethereum Cost Investors Thousands of Dollars Amid Meme Coin’s Rally

A staggering 169 new Dogecoin (CRYPTO: DOGE) contracts were created on the Ethereum (CRYPTO: ETH) and the Binance (CRYPTO: BNB) blockchains amid the popular meme coins stupendous rally, which saw its price increase by about 25% in the last 24 hours and an eye-watering 150% over the previous week, causing thousands of dollars worth of investors’ wealth to be lost. Musk’s Tweet Propelled Tuesday’s Rally Tesla Inc (NASDAQ: TSLA) CEO Elon Musk posted a tweet that appeared to be the catalyst for Tuesday’s Dogecoin price increase.