Today, the Tesla CEO and X (formerly Twitter) owner, Elon Musk, stirred reactions across the crypto community by sharing a Dogecoin meme. Known for his influence in the meme coin world, Musk posted a photo of himself from a recent public appearance in the United States. In the image, he raises both hands in a powerlifter pose, mirroring a meme image of the Dogecoin Shiba Inu dog in a similar stance, flexing muscular arms. This post quickly ignited a wave of support from Dogecoin enthusiasts, but not all crypto followers responded positively.
Musk’s post attracted widespread attention on X, with members of the “DOGE army” expressing their approval. Both fans and DOGE supporters responded positively to the meme, with Musk’s continued advocacy for DOGE sparking enthusiasm. However, not all comments on his tweet favor the meme coin. Some users preferred other projects, noting their obvious choice of Bitcoin compared to such tokens as Dogecoin.
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Mixed Market Response Despite Community Buzz
Nonetheless, Musk’s tweet generated sufficient social media talk but did not positively impact the Dogecoin price as some people expected. Another popular analyst in the comment section pointed out that Dogecoin lost nearly 2% of its market value following Musk’s post instead of rising. While Musk has a say in DOGE, the cryptocurrency failed to have the same effects on price surges as witnessed before.
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The post also drew responses from popular X users outside the DOGE community. An X user with a large following, @TheBTCTherapist, emphasized support for Bitcoin over Dogecoin, writing “Bitcoin to Doge.” This reflects a recurring debate in crypto, where supporters of established assets like Bitcoin continue to clash with meme coin advocates. Most of Musk’s audience celebrated his post, underscoring his role in sustaining community enthusiasm for Dogecoin.
Musk’s affinity for Dogecoin remains evident, and his posts continue to rally supporters despite varying market responses. While this tweet did not impact DOGE’s price positively, it demonstrated the lasting enthusiasm of the Dogecoin community.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.