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An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk. <\/b><\/p>\n Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself.<\/span><\/p>\n Tagging Elon Musk comes with its own risk, as apparent from the blunt reply:<\/p>\n Your app sucks<\/p>\n \u2014 Elon Musk (@elonmusk) February 10, 2021<\/a><\/p>\n<\/blockquote>\n An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator:<\/span><\/p>\n Any crypto wallet that won\u2019t give you your private keys should be avoided at all costs<\/p>\n \u2014 Elon Musk (@elonmusk) February 10, 2021<\/a><\/p>\n<\/blockquote>\n As expected, Musk\u2019s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here<\/a>.<\/span><\/p>\n Musk\u2019s criticism of crypto wallets and his love for Dogecoin shouldn\u2019t come as a surprise. The price of <\/span>Dogecoin soared by 60% <\/span><\/a>last week in response to a tweet he made, in which he posted an iconic scene from the Lion King that\u2019d been edited to show him holding up the Shiba Inu dog, the face of Dogecoin, instead of Simba. <\/span><\/p>\n The distaste for crypto wallets and trading platforms from Musk is as equally expected. It follows his open criticism of the decision taken by several platforms to <\/span>cease trading<\/span><\/a> of Gamestop shares after the price of the company soared to nearly $400 a share. <\/span><\/p>\n <\/ins> <\/ins> <\/p>\n This prompted a backlash from many <\/span>retail traders<\/span><\/a> and high-profile figures, such as American politician <\/span>Ted Cruz<\/span><\/a>. Musk went on <\/span>to grill Robinhood\u2019s CEO Vlad Tenev<\/span><\/a> during an interview on the social network Clubhouse, which 5000 Clubhouse users listened to (and many many more on various live streams that spilled onto YouTube in order to bypass Clubhouse limit of 5k.) <\/span><\/p>\n The hype around Dogecoin shows no signs of slowing down, as other celebrity figures, including <\/span>Snoop Dogg<\/span><\/a> and Gene Simmons, join Musk\u2019s attempt of taking the meme coin to the moon. The value of Dogecoin has <\/span>jumped by over 572%<\/span><\/a> in the last month.<\/span><\/p>\nMusk Proclaims \u2018Your app sucks,\u2019 In Blunt Tweet Directed at Freewallet<\/span><\/h2>\n
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