Elon Musk’s conversation on X led to Dogecoin’s price increasing by over 4%. This happened after a graphic designer affiliated with Dogecoin posted an image of Musk holding a wrench and captioned it with “Time to fix the country through DOGE.” Musk responded with a simple “Yes,” sparking speculation about his interest in Dogecoin.
Some believe this interaction shows his continued support for the meme-inspired cryptocurrency, while others think it references his recent appointment as head of the Department of Government Efficiency (D.O.G.E). Regardless, the price surge highlights Musk’s influence in the crypto space. At the time of reporting, Dogecoin’s price had risen to $0.4146 from $0.37.
