The CEO of Tesla and SpaceX, Elon Musk, took it to Twitter to post a brief message carrying just one word – “Doge.”
Having in mind his history with the cryptocurrency going by the full name Dogecoin, his tweet received massive attention from the cryptocurrency community.
As reported by Cryptopotato, the token reacted with an immediate price surge that drove its total daily gains to about 80% at the time of this writing.
Shortly after the remarkable price movement, Musk posted yet another compelling tweet that read “ur welcome.”
Moreover, Musk also added another Doge-related post, stating that Doge is the “people’s crypto” and that users don’t need to be “gigachads” to own it.
The executive has been quite positive about the crypto industry lately. He updated his Twitter profile to include only “Bitcoin” as his bio, which also boosted the asset’s price last Friday, though he has since removed it.
On Monday, he reaffirmed his new-found support for the primary cryptocurrency by stating that “bitcoin is a good thing” and that he regretted not purchasing any eight years ago.