It is too early to say what caused the significant rally in Dogecoin prices. Some community members are suggesting that Chinese investors triggered classical “pump and dump” action, while other gave a nod to the often arbitrary nature of such events.
Regardless of what caused such sudden upward move, Doge went up by almost 25% within one day! As a curiosity worth specifying, a number of online media quotes one reddit user who claims:
“I knew this was going to happen, because this morning the girl next to me in line ordered pineapple on her breakfast burrito, thus reducing the supply of pineapples”
As everyone knows, link between pineapple prices and Dogecoin has been weel established by doge economists 🙂
