Musk Plugs SNL and Dogecoin—and Fans Fall for It

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    Photo Illustration by The Daily Beast / Photos via GettyIn advance of his controversial hosting gig on Saturday Night Live, Elon Musk has combined show promotion with a crypto plug for one of his favorite investments—the meme currency Dogecoin—which immediately shot up.At about 2:20 a.m. Wednesday morning, Elon Musk tweeted about the episode he will host next week: “The Dogefather,” he wrote. “SNL May 8.”Within minutes, the price of Dogecoin, which Musk has frequently plugged, jumped from $0.26 to $0.31—a leap of nearly 15 percent.Read more at The Daily Beast.

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