Tesla founder Elon Musk shared an image of himself with the caption D.O.G.E. This was a playful response to Republican presidential candidate Donald Trump’s offer to join his team.
I am willing to serve pic.twitter.com/BJhGbcA2e0
— Elon Musk (@elonmusk) August 20, 2024
The billionaire was offered an advisory role in the administration should Trump win.
“I am willing to serve,” Musk stated.
At the time of writing, DOGE had risen by 5.1% over the past 24 hours, according to CoinGecko. Growth rates among the top 10 cryptocurrencies ranged from 0.6% (TON) to 6.1% (BNB).
Through his actions on social media, its current owner has repeatedly triggered increases in Dogecoin. In February 2023, the meme cryptocurrency’s price reacted to a series of Musk’s tweets featuring his dog Floki.
In April, the coin’s price momentarily surged by 25% after the social media platform’s logo was changed to the mascot of the asset. The return of the blue bird led to an 8% drop in DOGE.
Later, Musk added “Д to his profile description, causing a 9% jump in the meme cryptocurrency’s price.
Tesla and SpaceX hold bitcoins on their balance sheets. In January 2024, the entrepreneur considered using digital gold as a currency on Mars.
In July, the CEO of Tesla and SpaceX promised not to promote cryptocurrencies.