“Not Even Elon Musk Can Pump DOGE”: Shiba Inu Top Executive

Cover image via U.Today

Lucie, the anonymous social media marketing lead for the Shiba Inu team, took to her X account to continue discussing the "ugly truth" behind the listing process on some cryptocurrency exchanges.

Lucie mentioned Dogecoin and its biggest fan, Tesla CEO Elon Musk.

Lucie's Beliefs Regarding Musk's Inability to Pump DOGE

In a previous X post (formerly Twitter), Lucie highlighted the "ugly truth" about how centralized cryptocurrency trading platforms handle listing requests. She suggested that exchanges often prioritize tokens based on hype rather than fundamentals.

Lucie stated that even if a token secures a listing, it may not necessarily lead to significant growth.

Her Observations About the Market

Lucie believes that the market is "heavily manipulated" and characterized by self-interest. Despite her anticipation of a bull market, she notes that "no exchanges are pumping coins."

According to Lucie, this is due to a lack of new crypto holders entering the market and insufficient adoption.

Her Advice to the SHIB Community

Lucie encourages the SHIB community to support Shibarium while the development team continues to build.

Elon Musk's Lack of Crypto Promotion

In late July, Elon Musk stated in a podcast that he does not plan to endorse crypto formally, unless through memes or humor. He acknowledged the potential of Bitcoin and other cryptos, but emphasized his affection for Dogecoin due to its uniqueness.

Prior to 2021, Musk's endorsements of Dogecoin on Twitter significantly influenced its price.