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- Earlier this year, he tweeted a single word that drove the entire Dogecoin ecosystem crazy. Musk and Rupert Murdock were seen sitting together at the NFL Super Bowl LVII game between the Kansas City Chiefs and the Philadelphia Eagles.
- Shortly after acquiring Twitter in a $44 billion deal, Musk changed Twitter’s 17-year-old “bird” logo to the Dogecoin logo. This move caused DOGE’s price to increase by more than 16% in less than an hour.
- In general, crypto players believe that Elon Musk plays a significant role in the existence of DOGE. Binance CEO Changpeng ‘CZ’ Zhao expressed surprise at how DOGE has managed to survive since its creation.
Shocking details about Dogecoin will be revealed in billionaire Elon Musk’s upcoming biography, causing astonishment in the market!
Elon Musk’s Biography to be Released Soon
The upcoming release of Elon Musk’s biography at the end of this month may reveal that the billionaire secretly financed the development of the popular memecoin Dogecoin (DOGE). According to reports, the biography will also detail the electric car mogul’s plans to launch a blockchain-based social media platform with payment features using DOGE.
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For a long time, many internet users speculated that Musk had a significant stake in the Dogecoin project. His statements and tweets have had a significant impact on the appearance of the currency, earning him the title of “Dogefather.”
Earlier this year, he tweeted a single word that drove the entire Dogecoin ecosystem crazy. Musk and Rupert Murdock were seen sitting together at the NFL Super Bowl LVII game between the Kansas City Chiefs and the Philadelphia Eagles. Many internet users wondered what Musk and Murdock were talking about, and Musk replied with a tweet stating that he was talking about “Dogecoin” with the Fox News president.
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This response caused DOGE to increase by more than 5% at the time and traded at $0.08399. It is worth noting that the Tesla CEO wore a Dogecoin shirt at the Super Bowl event.
Shortly after acquiring Twitter in a $44 billion deal, Musk changed Twitter’s 17-year-old “bird” logo to the Dogecoin logo. This move caused DOGE’s price to increase by more than 16% in less than an hour. However, this was only a temporary change that lasted a few days before Twitter reverted to its original logo.
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There were rumors that Musk was trying to introduce Dogecoin (now rebranded as X) as a payment option on Twitter. The rumors intensified when he updated the logo.
Dogecoin Survives Thanks to Musk
In general, crypto players believe that Elon Musk plays a significant role in the existence of DOGE. Binance CEO Changpeng ‘CZ’ Zhao expressed surprise at how DOGE has managed to survive since its creation. CZ hypothesized that Musk may have contributed to the continuous existence of the memecoin.
Recently, Musk became involved in a lawsuit related to Dogecoin and was accused of insider trading and market manipulation associated with DOGE. Many view this lawsuit as weak and not a cause for concern.
With the release of his biography, the wider crypto ecosystem is expected to gain more information about Musk and Dogecoin.
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