Elon Musk’s social media activity has significantly impacted the price of Dogecoin, leading to substantial fluctuations in value over time. This analysis examines his tweets and their influence on the cryptocurrency market, raising questions about the power of social media platforms in shaping volatile financial assets. 2019 marked the beginning of Musk’s involvement with Dogecoin, with his tweets contributing to notable surges like a 100% increase following an April 2021 reference to artist Jeo Miró’s artwork. This level of influence highlights Musk’s significant sway over market movements. However, this influence is not without controversy. Cryptocurrency creator Billy Markus and Jackson Palmer criticized Musk, with Palmer characterizing him as a self-absorbed grifter. While Musk’s involvement in Dogecoin has resulted in both surges and dips, leading to concerns about potential market manipulation. The impact of his tweets on Dogecoin’s volatility raises questions for financial stability and transparency. Market analysts are increasingly focusing on the effects of Musk’s social media activity on the cryptocurrency’s price fluctuations. Past trends show that unregulated assets like Dogecoin can experience dramatic surges following endorsements by prominent figures, leading to discussions about regulation needs. Elon Musk’s influence echoes previous cases where public figures have shaped cryptocurrency prices. As this trend persists, experts from Kanalcoin suggest regulatory measures are needed to address potential long-term impacts on investment dynamics. “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”