A bank manager at the major US investment bank Goldman Sachs has reportedly left after making a fortune with Dogecoin (DOGE). The Guardian reports this on May 11:
Aziz McMahon was active at Goldman Sachs for no less than 14 years, according to his LinkedIn page. Business Insider says Goldman Sachs has confirmed his departure, but would not confirm why. Unfortunately, it’s also unclear how much McMahon made from his dogecoin investment. It is said to be “millions.”
Dogecoin was once made fun of as a criticism of cryptocurrencies. This year, it ironically became one of the largest crypto in the market. The DOGE share price rose since the turn of the year by a price of $ 0.0047 to $ 0.73 last week. That’s an increase of more than 15,000% in 2021! Yet many crypto enthusiasts warn that this altcoin has no real function and is in a bubble that could burst at any time.
Tesla CEO Elon Musk’s guest appearance on Saturday Night Live sparked a lot of hype leading up to the event. Shortly before the performance, dogecoin reached a new all-time high (ATH), but after that the price plunged again by almost 40%. It is a clear example of “buy the rumor, sell the news.”
Meanwhile, Twitter fraudsters are taking advantage of the hype. They are said to have stolen more than $ 300,000 worth of bitcoin (BTC), ether (ETH) and dogecoin through fake giveaways. Some of the craze now seems to be spreading to the Shiba Inu Token (SHIB), the self-proclaimed “Dogecoin killer.” The price of this is even 26,000% in the plus this month, although it is also correcting downwards today.