It’s no surprise that a lot of trends and challenges are rising in TikTok, now that a lot of us are in our homes during the pandemic. But besides the fun, there seems to be some challenges that yield more income than entertainment. A pump-and-dump scheme involving Dogecoin, a joke currency made of memes, has been paying off quite well. Gizmodo has more details:
The plan is kinda paying off: As of this morning, Dogecoin had risen 27.7% since July 5.
The leader is jamezg97, who started posting about the bid on June 28, and subsequently began the #DogecoinTiktokChallange. The mystery TikToker, whose bio reads “STONKS,” tells users:
Alright here’s a crazy thought. What if everyone watching this video bought some Dogecoin? Could they really stop us? Could they stop us all?
The splitscreen shows that you could increase $1,000 to $426,985 if you held it from a price of $.00234 and tapped out at $1. A second video, posted five days ago and now with nearly half a million views, issues a bolder missive:
Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. That’s just $25. Once it hits one dollar, you’ll have ten grand. Tell everyone you know.
image via Gizmodo
If you've seen what has been going on in Hong Kong, you'd avoid it or dump it.