“Not Even Elon Musk Can Pump DOGE”: Shiba Inu Top Executive

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As a seasoned analyst with over two decades of experience in the ever-evolving world of finance and technology, I find myself intrigued by the recent revelations of Lucie, the pseudonymous social media marketing lead of Shiba Inu. Her insights into the backstage dealings of cryptocurrency exchanges are not only eye-opening but also align with my own observations from my years in this industry.

Under a pseudonym, the team’s social media marketing manager known as Lucie, has used her alternate account to carry on the discussion initiated in her latest post, which delves into the unattractive reality behind the listing procedure on certain cryptocurrency trading platforms.

This time, Lucie also mentioned Dogecoin and its biggest fan Tesla CEO and X owner Elon Musk.

Musk can’t pump DOGE any more, Lucie believes

In my previous social media post, I shared an honest insight into the behind-the-scenes workings of certain centralized crypto trading platforms when it comes to listing new tokens, as revealed by Lucie on a popular platform (previously known as Twitter).

Lucie stated that many exchanges generally don’t seem to prioritize whether a token is part of a robust ecosystem and if its developers consistently work on improving it. She suggested that a token typically isn’t listed unless there’s payment involved, according to her. However, she also noted that highly publicized tokens can easily and quickly secure a listing because exchanges are keen on making substantial profits from their trading activities.

If we were to assume that you’ve successfully secured your preferred listing, what might transpire? Well, it’s likely that not much will change given the heavily manipulated nature of the market, where everyone seems to be playing their own games. However, I remain optimistic about an upcoming bull market. Yet, if we look at the current political landscape, no exchanges appear to be actively pumping or promoting projects.— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 16, 2024

Later on, she discussed the topic further in a subsequent post. However, even if you secure your preferred placement, she cautioned via Twitter that “nothing particularly good” may transpire regarding your token.

The SHIB marketing leader expressed that the market is significantly influenced by manipulation, with each player engaging in their individual strategies.

Lucie openly shared with the crypto community her conviction that a bull market is imminent. Yet, she emphasized that currently, no trading platforms are artificially inflating coin values, and not even Elon Musk’s influence can significantly boost Dogecoin at this time.

As she explains, one factor contributing to this situation is that there hasn’t been a significant influx of new cryptocurrency investors, and overall adoption remains low.

As a dedicated member of the SHIB community, I can confidently say that our task boils down to standing by Shibarium. Rest assured, the diligent developer team continues to work tirelessly, focusing on construction and development.

Elon Musk does not plan to endorse crypto

By early August, the leading enthusiast of the pioneering meme-based cryptocurrency, DOGE, tech magnate and innovator Elon Musk, expressed on a podcast that he’s unlikely to endorse cryptocurrencies unless it’s through humor or playful means such as memes.

He stated that he believes there could be “merit in Bitcoin and maybe some other cryptos.” As for Dogecoin, it remains his “soft spot” because it has “dogs and memes.”

From 2021, Elon Musk had frequently promoted Dogecoin on Twitter, which would typically lead to significant increases in the value of this popular internet currency.

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2024-09-17 13:14