Elon Musk Ignites the DOGE Army with His Latest Tweet - Here's What Happened!

Elon Musk has stirred excitement in the Dogecoin community with a recent tweet about the beloved meme cryptocurrency. In a playful response to Ideas Beyond Borders co-founder Melissa Chen, who humorously noted how serious journalists pronounce 'DOGE', Musk commented, "This is so awesome."

Cover image via U.Today

DOGE Retweet from Elon Musk Pleases Crypto Community
Musk's engagement comes amidst the formation of the D.O.G.E. agency, a playful nod to the US Department of Government Efficiency. The Dogecoin community reacted with enthusiasm, declaring Musk as the "CEO of DOGE" and celebrating the cryptocurrency's playful nature.

Musk has long been a supporter of Dogecoin, having first mentioned it around Bitcoin's all-time high in 2017. His tweets often result in significant price movements for DOGE, highlighting the influence he wields within the crypto space. Recently, however, he has clarified that he will only endorse cryptocurrencies jokingly or through memes.

DOGE, PEPE Net Best Returns Lately
A recent report from Santiment revealed that meme coins have delivered impressive returns, with DOGE seeing a 96% increase, PEPE at 97%, and BONK at 67% over the past week. This surge in meme coin popularity showcases the volatile yet profitable nature of these assets in the current market.

In a light-hearted twist, the Litecoin X account recently tweeted about identifying as a memecoin due to market conditions, demonstrating the playful spirit of the crypto community.

As the Dogecoin and meme coin markets continue to thrive, the excitement around Musk's tweets only amplifies the speculative trading environment, urging traders to remain cautious amidst the growing interest in these assets.