Elon Musk Is Back On Twitter To Promote Another Cryptocurrency

He's taking it to the moon. 💸
Elon Musk Is Back On Twitter To Promote Another Cryptocurrency
OnInnovation | Creative Common via Flickr Adrian Black | Dreamstime
Contributor

Elon Musk took to Twitter on Tuesday to announce he will be taking a break from the social media app, but that ended up not lasting very long.

The billionaire hopped back in the Twittersphere shortly after the launch of SpaceX Starlink satellites to not just talk briefly about the mission, but to also promote a cryptocurrency known as "Dogecoin." 

Editor's Choice: Redditor Who Started GameStop Stock Frenzy Just Lost A Ridiculous Amount Of Money

Dogecoin is the people’s crypto. Elon Musk

With just three simple tweets, Musk had helped the value of Dogecoin raise by 50%.

The value of a single coin started at around 2 cents before the Tweets but shot all the way to just over 5 cents by early Thursday morning.

The Guardian reports Dogecoin, which is branded by the famed shiba inu meme, started in 2013 as a joke after the invention of Bitcoin sparked a new wave of imitator cryptocurrencies, and the joke actually ended up catching on as the coin has reached a market cap of $6.4 billion.  

Bitcoin also saw a huge rise in value after Musk gave his support last week on the popular Clubhouse audio chat app, causing the price of a single Bitcoin to rise above $38,000.

USANews
  • Noah Borden
    Noah Borden was an Associate Editor for Narcity Media.

Tumbler Ridge families to seek US$1B from OpenAI

Tumbler Ridge families likely to seek US$1 billion in lawsuit against OpenAI: lawyer

Canadian astronaut reaches International Space Station for six-month mission

Canadian astronaut reaches space station

Artemis II crewmates praise the power of teamwork

Artemis II crewmates say space exploration depends on nations working together

Ontario to move northwest regions to permanent daylight time

Ontario northwest region to end time changes

Rides closed at Canadian theme parks after deadly fall from Six Flags coaster in U.S.

Rides closed at theme parks after deadly U.S. fall

Ontario is home to Canada's only elevated park and it gazes over a colourful autumn valley

You can take in the views from above. 🍂

This lakeside village near Ottawa is bathed in fall colours and feels like a trip to Vermont

It's perfect for a quick fall day trip. 🍂

This is your last chance to get money from a $7.5M plant-based beverage class action lawsuit

You could receive $400 to $7,000 for less serious injuries.

I moved to Canada from Ukraine 4 years ago — These 7 things still completely surprise me

I've made Canada my home, but there are some Canadian habits I may never understand! 🫣

6 funny differences I noticed as a Canadian travelling in Europe that you wouldn't expect

Some of these I learned the hard way. 🇨🇦

Toronto vs. Victoria: I compared the cost of living in 2026 and didn't expect these results

Some of the differences were surprisingly small — others cost thousands a year. 💸

Backstreet Boys' larger-than-life Toronto residency adds 12th show

Backstreet Boys announce 12th Toronto show in 2027