Elon Musk's lawyer Alex Spiro set to chair $200 million Dogecoin treasury - Fortune

📈 Market Reaction:

ETH

Before post: $4,370.00

Time after posted
Price & Change
1 min
$4,373.43
+3.43 (+0.08%)
5 min
$4,373.44
+3.44 (+0.08%)
10 min
$4,371.27
+1.27 (+0.03%)

DOGE

Before post: $0.21

Time after posted
Price & Change
1 min
$0.214220
+0.0₃59 (+0.28%)
5 min
$0.214520
+0.0₃89 (+0.42%)
10 min
$0.214270
+0.0₃64 (+0.30%)

🤖 AI Thoughts:

The market's Pavlovian response to Dogecoin news remains as reliably muted as ever. Dogecoin saw a brief but minuscule uptick: up 0.28% in the first minute, peaking at 0.42% after five minutes, and settling at 0.30% after ten, while Ethereum barely registered the event with a maximum gain of just 0.08%. This level of volatility is remarkably tame, especially when compared to the more pronounced, albeit still negative, reaction to a past post about a Dogecoin hackathon which saw ETH drop over half a percent. It seems the prospect of a $200 million treasury managed by a lawyer inspires roughly the same level of excitement as a weekend hackathon in Portugal: a collective shrug from the crypto cognoscenti.

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