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A car emblazoned with the Dogecoin logo crashed in Saturday’s NASCAR Xfinity Series Race in Nashville, perhaps a foreshadowing of what was to come for the price of DOGE. The driver was not hurt.
Stefan Parsons’ car embellished with the DOGE Shiba Inu dog crashed into the wall during Stage 2 at Nashville Superspeedway on Saturday.
DOGE’s price has fallen 23% in the last 24 hours. It sits at just under $0.21 at press time.
The meme-inspired cryptocurrency’s fans pushed the hashtag #dogecar trend on Twitter, and were naturally disappointed when Parsons’ race came to a premature end. The subsequent crash in DOGE’s price added insult to injury.
Springates, a manufacturer of auto parts whose CEO is a DOGE enthusiast, sponsored Parsons’ car.
DOGE has a long history on the NASCAR tracks. Dogecoin fans raised 68 million DOGE in April 2014 (worth about $42,000 at the time) via a Reddit campaign to sponsor Josh Wise’s Ford Fusion car. Coincidentally, Wise raced in the same team as Stefan Parsons’ father Phil.