Summary
- Elon Musk posted a Dogecoin-related post but reported that it did not have a significant impact on the price.
- Dogecoin showed a downward trend, down 0.46% from an hour ago and 1.96% from the previous day on CoinMarketCap.
- Musk's mention remained at a minimal level compared to past influence.
Elon Musk, CEO of Tesla, continues to mention Dogecoin (DOGE).
On the 23rd (local time), Musk posted a photo on his X (formerly Twitter) with the phrase 'Department of Government Efficiency (DOGE)' along with a picture of the Shiba Inu, the symbol character of Dogecoin.
Previously, on the 17th, Musk posted 'DOGE' along with a CNBC broadcast video. The video he attached was not related to Dogecoin but was identified as a discussion about what influence Elon Musk could have under the Donald Trump administration.
Meanwhile, Musk's mention does not seem to have had a significant impact on the price of Dogecoin. Currently, Dogecoin is trading at $0.3119 on CoinMarketCap, down 0.46% from an hour ago and 1.96% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
