The Kiss frontman said on Feb. 1 that he now owns several cryptocurrencies including XRP and Dogecoin (DOGE). Simmons did not hint at how much he invested and noted that his statement is not a recommendation.
Not recommending any of these to anyone. But yes, I also bought Dogecoin, XRP and others. Make of it what you will.
— Gene Simmons (@genesimmons) February 1, 2021
Simmons has emerged as a major celebrity voice supporting cryptocurrencies. In 2017, Simmons said that he was interested in Bitcoin as part of his investment strategy. “I am interested in Bitcoin, but only as a piece of the investment puzzle,” he said.
Simmons’ move to invest in DOGE and XRP comes amid a massive bull run in both cryptocurrencies. As reported by Cointelegraph, both Dogecoin and XRP have been likely pumped by the controversial Reddit community r/Wallstreetbets.