In Response to DOGE Tweet, Elon Musk Drives Dogecoin Price Increase

Elon Musk’s latest tweet referencing Dogecoin has caused the price of the meme-inspired cryptocurrency to rise over 3% on the Binance exchange. Musk, who has previously referred to himself as the “Dogefather,” posted a dog-themed meme in response to a tweet by another user about their dog’s hair. Meanwhile, an anonymous whale transferred 20 trillion Shiba Inu and 3.4 billion Dogecoin, making the whale the fifth-largest owner of both cryptocurrencies, according to wallet tracker @lookonchain. Additionally, Dogecoin miners sold off a large portion of their crypto holdings in late March, with their DOGE holdings standing at about four billion as of March.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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