Elon Musk Shoots Down Crypto Wallet App Freewallet After It Tried to Ride His Dogecoin Fame

Elon Musk Shoots Down Crypto Wallet App Freewallet After It Tried to Ride His Dogecoin Fame

An try and capitalize on the continued hype round Dogecoin has backfired for the crypto pockets app Freewallet after it was known as out on-line in a tweet from Elon Musk.

Musk Proclaims ‘Your app sucks,’ In Blunt Tweet Directed at Freewallet

Freewallet, using on the Elon-Doge rocket of publicity, launched a tweet telling individuals to purchase and alternate Dogecoin in its crypto pockets app with a tag of the person himself.

Tagging Elon Musk comes with its personal threat, as obvious from the blunt reply:

Your app sucks

— Elon Musk (@elonmusk) February 10, 2021

An hour later, Musk determined to develop on his declare by leaping from his position of executioner to an educator:

Any crypto pockets that gained’t provide you with your non-public keys must be averted in any respect prices

— Elon Musk (@elonmusk) February 10, 2021

As anticipated, Musk’s followers rallied behind him and joined in on the motion, resulting in an entourage of essential posts being directed in direction of the crypto app. Full thread right here.

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Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a shock. The worth of Dogecoin soared by 60% final week in response to a tweet he made, wherein he posted an iconic scene from the Lion King that’d been edited to point out him holding up the Shiba Inu canine, the face of Dogecoin, as an alternative of Simba.

The distaste for crypto wallets and buying and selling platforms from Musk is as equally anticipated. It follows his open criticism of the choice taken by a number of platforms to stop buying and selling of Gamestop shares after the worth of the corporate soared to just about $400 a share.

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This prompted a backlash from many retail merchants and high-profile figures, similar to American politician Ted Cruz. Musk went on to grill Robinhood’s CEO Vlad Tenev throughout an interview on the social community Clubhouse, which 5000 Clubhouse customers listened to (and plenty of many extra on numerous dwell streams that spilled onto YouTube with the intention to bypass Clubhouse restrict of 5k.)

The hype round Dogecoin reveals no indicators of slowing down, as different movie star figures, together with Snoop Dogg and Gene Simmons, be a part of Musk’s try of taking the meme coin to the moon. The worth of Dogecoin has jumped by over 572% within the final month.

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