Elon Musk’s X Post Boosts Dogecoin Price by 2.5%

Dogecoin prices soared by 2.5% following Elon Musk’s recent post on the social media platform, X (formerly Twitter). The CEO of Tesla and SpaceX shared a Shiba Inu image, sparking an immediate price increase that highlights his influence on the cryptocurrency market. This latest event echoes a historical pattern where Musk’s social media posts have sparked similar price movements in Dogecoin, illustrating the powerful connection between online activity and cryptocurrency valuations.