Five years ago today, Elon Musk's tweet referring to himself as "The Dogefather" caused Dogecoin ($DOGE) to surge 20% to $0.32 within minutes. The cryptocurrency continued its upward trajectory, nearly reaching $0.70 by the time Musk hosted Saturday Night Live on May 8. However, during the show, Musk referred to Dogecoin as "a hustle" on the Weekend Update segment, leading to a 30% crash in its value. This event highlighted the volatility of meme coins and the influence of celebrity endorsements on their prices.