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Elon Musk's Tweet Sends Dogecoin Up 4% in Minutes

Dogecoin, a popular cryptocurrency with a dog theme, experienced a 4% surge in price within minutes after Elon Musk mentioned it in a tweet. The price of DOGE reached a high of $0.72 from $0.69 on Wednesday morning, but then dropped slightly to just under $0.70.

Musk has a history of commenting on cryptocurrency and dogecoin, and his comments today come just before Tesla's Q2 earnings report. Last year, the automaker announced the sale of some of its bitcoin holdings during its Q2 earnings report.

Dogecoin Dogecoin $0.22
+0.82%
Dogecoin Cryptocurrency Elon Musk Tesla
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