SpaceX and Tesla owner Elon Musk have exhilarated the Dogecoin and crypto communities after flaunting the dog-themed memecoin in a post on Tuesday.
Elon Musk, the owner of SpaceX and Tesla, has sparked excitement within the Dogecoin and crypto communities after highlighting the dog-themed memecoin in a post on Tuesday. Musk subtly mentioned DOGE while expressing his willingness to serve the United States of America, hinting at how close the largest memecoin is to his heart.
“I am willing to serve,” the post stated.
Accompanying the caption, Musk posted what appeared to be an AI-generated image of himself standing at a podium labeled “Department Of Government Efficiency (D.O.G.E.).” The tweet gained traction on X, with Dogecoin enthusiasts, in particular, pointing out the D.O.G.E. acronym.
The Tuesday post was in response to an earlier report where Republican candidate and former President Donald Trump said he would offer Musk a cabinet or advisory role if elected. Speaking to Reuters at a campaign rally in Pennsylvania, Trump said he would offer Musk the role if the CEO was interested in taking it.
Musk-Dogecoin Love Story Continues
The X (formerly Twitter) owner has made no secret of his fondness for memes and Dogecoin. Musk has openly supported the Shiba Inu-themed memecoin on multiple occasions, which has influenced its popularity and price.
Musk’s affinity for Dogecoin led him to integrate the token as a payment method for purchasing Tesla merch. Five months ago, Musk teased the possibility of enabling Dogecoin payments for Tesla cars. In April, the Space X CEO changed X’s logo to DOGE, which caused a spike in the memecoin’s price.
Musk’s championing of Dogecoin has faced criticism, with some accusing him of manipulating the token’s price. Last year, a group of investors filed a lawsuit against Musk, alleging that he drove DOGE up by over 36,000% in two years and then crashed it.
Meanwhile, DOGE resumed an uptrend following Musk’s Tuesday tease. The memecoin rose by 5% and was trading at $0.105 at the last check.
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