If you think Elon Musk didn’t plug Dogecoin on SNL, you are wrong

Elon Musk, one of the richest men on Earth, made his debut on the weekly television show ‘Saturday Night Live‘. Starting with a monologue, the Tesla and SpaceX CEO shared his view of the future and acknowledged how his public comments often land him in trouble. And if you think he didn’t plug Dogecoin on the show, you are wrong.

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Musk, 49, said he was the first person with Asperger’s to host SNL, something that he never said publicly before. Joking about his personality, he added that people aren’t always sure what to expect from him. “I reinvented electric cars and I’m sending people to Mars on a rocket ship… Did you think I was going to be a chill, normal dude?” he asked the audience.

To make his debut special and celebrate Mother’s Day, Musk brought her mother, Faye, on-stage. “I’m excited for my Mother’s Day gift, I just hope it’s not Dogecoin,” she said, to which Musk answered, “it is.”

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Musk was featured in various segments of SNL, including a soap opera spoof and post quarantine conversation, however, what stood out was his appearance as Lloyd Ostertag, the ‘Dogefather’ who explained cryptocurrency. He tried to explain Dogecoin but couldn’t do it. Comedian Michael Che at the desk asked him, “What is it man?!” The crypto nerd concluded his answer with “It’s a hustle.”

Interestingly, the value of Dogecoin was expected to gain a significant boost during the broadcast but the opposite happened. Prior to the show, its price was at around $0.70 before Musk, but after the mention, it dropped by as much as 24% to $0.49. T Dogecoin, a cryptocurrency, originally started off as a meme and gained momentum amongst Gen Z investors.