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Elon Musk gives Dogecoin a boost with a tweet

Doge. Surge.


So Elon.

Yuriko Nakao/Getty Images

Elon Musk wielded his immense Twitter influence again Thursday, this time turning his attention to Dogecoin, the cryptocurrency that rose out of a joke. A one-word tweet from the Tesla boss saw Dogecoin's value surge more than 50%

"Doge," he wrote, before posting an image of his face Photoshopped into an iconic moment from The Lion King, with Doge in Simba's place.

He followed up by with saying Dogecoin is the "people's crypto" and "no highs, no lows, only Doge." This came two days after Musk said he was going "off Twitter for a while." It seems the tweeting habit is hard to shake.

He also mentioned Dogecoin, which had surged over 300% to reach an all-time high last week, during a interview on the Clubhouse app on Sunday.

"Arguably the most entertaining outcome, the most ironic outcome would be that Dogecoin becomes the currency of Earth of the future," he said on Clubhouse.

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