Here Khalifa appears to be referencing the popular cryptocurrency Dogecoin, which is a "memecoin" originally created by Jackson Palmer as a joke. But after the founder left the project, it somehow continued and ended up becoming a fan favorite. The cryptocurrency is based on the "Doge" meme featuring a Shiba Inu dog called Kabosu.
On January 27, Khalifa also revealed that she had been buying small amounts of actual stocks that were being pushed by the infamous Wall Street Bets subreddit, including GameStop, which rose to a peak of $469.
Dogecoin's has often seen large spikes and drops (sometimes due to campaigns on TikTok to try to get it to reach $1). But in the past day, its price skyrocketed, reaching a new all-time high of $0.078—up 400%.
The pump followed a tweet by the unofficial WSBChairman account on Twitter, which isn't run by those behind Wall Street Bets. This account rose from 12,000 followers on Tuesday to 750,000 today—giving it more influence. The account simply tweeted, "Has Doge ever been to a dollar?"