Elon Musk Simple Tweets Can Move Markets, Send GameStop, Dogecoin, Bitcoin to the Moon

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Finally, Zhao suggests that Musk’s tweet resulted in the Dogecoin shortage. He said, “We almost ran out of Dogecoin deposit addresses because the new address generator wasn’t able to generate new addresses for user deposits fast enough to match user deposits. On the withdrawal side, our normal number of nodes can’t process the amount of withdrawals that’s happening either. We had to significantly increase the number of nodes in a short period of time. Whenever there are [sic] exponential growth, there are high chances of congestion.” 

Binance is currently back online.

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