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Jordan Belfort aka “The Wolf of Wall Street” Hops on the Dogecoin Bandwagon

Key highlights:

  • Jordan Belfort, the real-world personality behind “The Wolf of Wall Street” is mentioning cryptocurrencies and stocks on his Twitter account
  • Belfort is trying to leverage the hype behind Dogecoin and Safemoon to pump up his Twitter following

“The Wolf of Wall Street” hops on the DOGE bandwagon

Jordan Belfort, American author, motivational speaker and former stock broker with a criminal record joined the “big boys” on Twitter to promote cryptocurrencies like Dogecoin (DOGE), SafeMoon (SAFEMOON) and US stocks GameStop (GME) and AMC Entertainment (AMC). In his tweet on April 27th, he wrote: “If you want PUMP 5 DAYS Get me to 500K follows by 5/1”, with appended tickers of the aforementioned cryptocurrencies and stocks.

He already showed his affection for Dogecoin in earlier tweets and with that joined “the club” with some big names like Elon Musk and Snoop Dogg. However, Jordan expanded his “portfolio” also with the SafeMoon cryptocurrency, which has been heavily promoted on social media platforms like Twitter and TikTok. 

Belfort’s Twitter account already gained quite a number of followers, from 410K on 4/26 to almost 452K on 4/28, 2021. It will be known in a few days if his target of 500K followers will be reached. 

But not all followers were in favour of Belfort’s tweet. Regarding the fact that Belford was already accused and convicted of fraud and related crimes in connection with stock market manipulation, many have expressed their astonishment over his behaviour.

DOGE price gained year-to-date price growth of over 9.000%, currently sitting at $0.32 per coin and majority of crypto enthusiasts attribute that massive growth to the coin being promoted by celebrities like Elon Musk and Snoop Dogg on social network platforms. Given its absence of development and practical use case, fundamental factors seem to be playing a minimal role in the recent appreciaton of DOGE. 

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