Dogecoin Spikes 50% Intraday, Cripples Robinhood’s Crypto Trading

While most eyes were on the surge in Ethereum this morning, the real animal spirits are in Dogecoin, which is up 50% today, topping 60c for the first time ever…

Doge has now surged above Ripple to become the 4th largest cryptocurrency…

Source

And that utter chaos has sparked trouble at Robinhood, as its crypto trading app “experiencing issues”…

We’re currently experiencing issues with crypto trading. We’re working to resolve this as soon as possible. For the latest updates, check https://t.co/ZS733G6N1J

— Robinhood Help (@AskRobinhood) May 4, 2021

Somewhere, Mark Cuban and Elon Musk are laughing… but not so much Charlie Munger.