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Dogecoin's Wife 'Wifedoge' Grew More Than 3,000% In Market Capitalization, And Elon Musk Is A Fan

Benzinga logo Benzinga 9/4/2021 Bibhu Pattnaik
a person posing for the camera © Provided by Benzinga

Last week the Wifedoge cryptocurrencythe wife of Dogecoin (CRYPTO: DOGE), exceeded a market capitalization of 2.32 million dollars, more than 3,000% in market capitalization in just one day.  

However, on Sept 2, its capitalization plummeted to $301,406. According to EntrepreneurTesla Inc (NASDAQ: TSLA) CEO Elon Musk is now attracted to Wifedoge.  In July Wifedoge announced in a tweet that they would reserve 5% of the Wifedoge units for Musk. "We will give them to you at the right time; otherwise 5% of the tokens will be forever blocked," reads a tweet from the Wifecoin account. On Friday, Musk tweeted, “Time is the ultimate currency,” leaving many people to wonder whether he is indicating that Doge is not the ultimate currency.  Wifedoge has a total supply of 747 quadrillions, and it features Safe Auto-farming and Locked Liquidity. The majority of the LP tokens are locked, and some automatically burn 2% at every transaction.

(Photo : Screenshot from Twitter post of @wifedoge)

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