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Dogecoin official Twitter warned traders not to speculate after the TikTok video skyrocketed. The news comes after the price of Dogecoin rose 50 per cent in 24 hours to $0.042, its highest price since October 2018, as a result of the frenzied spread of a video of the DogCoin challenge on short video platform TikTok. In response, Dogecoin said, "Please make the right choice and not be influenced or manipulated by someone else's FOMO." Be aware of safety. Be smart. "

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Millions of people learn about cryptocurrencies such as Bitcoin through TikTok. Cryptocurrencies enthusiast James Galante has launched a short video in TikTok titled "Let's All Get Rich" recommending that everyone invest $25 in Dogecoin to push the price of Dogecoin up to one dollar, sparking a Dogecoin craze that has once again swept the cryptocurrencies market; Square launched a cryptocurrencies marketing campaign on TikTok and became one of the most popular mobile payment apps in the U.S. with the hashtag "cashappthatmoney";

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According to the data of "EN-US" (AICoin, gyro financial monitoring, the past "span lang" "EN-US" 24h the major exchanges of the change in the flow of funds as follows: "span lang" "EN-US" FCoin net inflow of "SPAN lang" "EN-US" $496 million; U.S. "OCX Net inflows of $351.1 million, "EN-US" $351 million; Fire coin "SPAN Lang""EN-US"pro Net inflows of "EN-US" -50350352 million; and "SPAN""EN-US""BitMEX Net inflows "EN-US" ($32.8708 million; "span lang""EN-US""bitfinex Net inflow "EN-US"-643.866 million"; "EN-US"OKEx Net inflow "EN-US" $590,000; Net inflow of $85.1147 million; "EN-US"bithumb net inflow of $638.84 million; and net inflow of "EN-US "EN-US," $697.38 million million.