Elon Musk gives Dogecoin a boost with a tweet

Such Elon.

Yuriko Nakao/Getty Images

Elon Musk wielded his immense Twitter influence again Thursday, this time turning his attention toward Dogecoin, the cryptocurrency that rose out of a joke. A one-word tweet from the Tesla boss saw Dogecoin’s value surging more than 50%. 

“Doge,” he wrote, before posting an image of his face Photoshopped into an iconic moment from The Lion King, with Doge in Simba’s place.

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He followed up by saying Dogecoin is “the people’s crypto,” and “No highs, no lows, only Doge.” It came two days after Musk said he was going “off Twitter for a while” — it seems the tweeting habit is hard to shake.

He mentioned Dogecoin, which surged over 300% to reach an all-time high last week, in a Clubhouse interview on Sunday.

“Arguably the most entertaining outcome, the most ironic outcome would be that Dogecoin becomes the currency of Earth of the future,” he said.

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