What Happened: Elon Musk was a guest host on NBC’s Emmy Award-winning late-night comedy show, joined by his mother Maye Musk and a partner and musician, Grimes.
Despite all the speculation around whether Musk is going to joke about Dogecoin, he only mentioned it once.
Appearing on the stage with his mother, Maye Musk, during the opening dialogue, he admitted that Dogecoin would be his present for this Mother’s Day. His mother did not seem thrilled about it.
Why It Matters: The potential price movement of the meme-based cryptocurrency after Musk’s appearance on the show has been a subject of debate for weeks.
It was also a topic of discussion on the latest Benzinga Crypto Show episode.
What Else: Musk also shared that he had Asperger’s syndrome for the first time in public.
“I’m the first SNL host to have Asperger’s syndrome. Or at least, the first one to admit it,” he said.
Price Action: Dogecoin was trading at $0.48 at press time, having lost over 30% in price several hours after the SNL episode. It is a significant fall from its all-time high of $0.73 the coin saw on May 8, according to CoinMarketCap data.
Image: Screenshot of SNL video stream
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