Elon Musk Does It Again! Endorses Dogecoin, Says He'll Keep Buying The Meme Coin

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Elon Musk Does It Again! Endorses Dogecoin, Says He'll Keep Buying The Meme Coin

Benzinga2022-06-20

Elon Musk said he would keep supporting Dogecoin sending the meme coin's price up
Last week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme."

Tesla Inc CEO Elon Musk has again shown his support for Dogecoin.

On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days.The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin.

Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin.

The overall crypto market saw some movement after Musk's tweets. According to Coinmarketcap, and at the time of writing, Bitcoin was trading at about $19,674 on Sunday after dropping as low a $17,708.62 on Saturday.

The Dogecoin was created in 2013 by Jackson Palmer and Billy Markus as a joke, but gained much popularity following Musk's endorsement of the meme coin.

On Saturday, Musk signaled that his companies would expand use cases for Dogecoin.

Dogecoin has made way for more meme coins such as Shiba Inu, Dogelon Mars, Floki Inu, and many more.

Last week, Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（26）

xupper22
·2022-06-20
Still holding my positions. We'll see if dogecoin is here to stay at the end of this recession. Considering adding more.
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TeikLeong
·2022-06-20
Like
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1
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All in Tesla
·2022-06-20
Maybe Elon should talk less on TWTR 🤣
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2
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blessed_1
·2022-06-20
Scam?
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lineasy2
·2022-06-20
His comments now is worthless
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1
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hphoa
·2022-06-20
Eyes doze off.
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1
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JSQ
·2022-06-20
Follow the Musk
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1
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LEESIMON
·2022-06-20
Nice
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1
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JC888
·2022-06-20
Wonder who will be foolish to follow a one man's crusade to prove a point. Will he lay down his entire fortune just to prove a point. Childish and ego-manic
Reply
2
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cozyli
·2022-06-20
Pls like thanks
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3
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jazzspeed
·2022-06-20
manipulator [LOL]
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3
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KITkat
·2022-06-20
*yawn
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1
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Ashish
·2022-06-20
Haha he is one of us.
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FattAgain69
·2022-06-20
Wait to see if there is another burst of crypto coin bubble.
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Vincentan59
·2022-06-20
His trench to make money 💰
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zolluA
·2022-06-20
nice!
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NevermindQ
·2022-06-20
[Facepalm]
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JcJc
·2022-06-20
Haiyaaa make your Tesla shares price up 🆙 more la
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AmitS
·2022-06-20
Cool
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Charging
·2022-06-20
[smile]
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Endorses Dogecoin, Says He'll Keep Buying The Meme Coin\n</h2>\n\n<h4 class=\"meta\">\n\n2022-06-20 09:40 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk said he would keep supporting Dogecoin sending the meme coin's price upLast week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a \"pyramid scheme.\"Tesla Inc CEO ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"","article_id":"1146769438","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146769438","pubTimestamp":1655689215,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Elon Musk said he would keep supporting Dogecoin sending the meme coin's price upLast week Musk was ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"埃隆·马斯克又来了！支持Dogecoin，说他会继续买迷因硬币","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTC":0.9},"content_text":"Elon Musk said he would keep supporting Dogecoin sending the meme coin's price upLast week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a \"pyramid scheme.\"Tesla Inc CEO Elon Musk has again shown his support for Dogecoin.On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. 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According to Coinmarketcap, and at the time of writing, Bitcoin was trading at about $19,674 on Sunday after dropping as low a $17,708.62 on Saturday.The Dogecoin was created in 2013 by Jackson Palmer and Billy Markus as a joke, but gained much popularity following Musk's endorsement of the meme coin.On Saturday, Musk signaled that his companies would expand use cases for Dogecoin.Dogecoin has made way for more meme coins such as Shiba Inu, Dogelon Mars, Floki Inu, and many more.Last week, Musk was sued for $258 billion by a Dogecoin investor for allegedly running a \"pyramid scheme.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9049011234,"gmtCreate":1655718690628,"gmtModify":1676535692258,"author":{"id":"3579827147050987","authorId":"3579827147050987","name":"xupper22","avatar":"https://static.tigerbbs.com/6b13c95cf147fc91a64e304d76553827","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3579827147050987","authorIdStr":"3579827147050987"},"htmlText":"Still holding my positions. We'll see if dogecoin is here to stay at the end of this recession. Considering adding more.","listText":"Still holding my positions. We'll see if dogecoin is here to stay at the end of this recession. Considering adding more.","text":"Still holding my positions. We'll see if dogecoin is here to stay at the end of this recession. Considering adding more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049011234","repostId":1146769438,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9049004199,"gmtCreate":1655714272611,"gmtModify":1676535691597,"author":{"id":"3581504913688063","authorId":"3581504913688063","name":"TeikLeong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581504913688063","authorIdStr":"3581504913688063"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049004199","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040754285,"gmtCreate":1655708651447,"gmtModify":1676535690793,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3577580366301047","authorIdStr":"3577580366301047"},"htmlText":"Maybe Elon should talk less on TWTR 🤣","listText":"Maybe Elon should talk less on TWTR 🤣","text":"Maybe Elon should talk less on TWTR 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040754285","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040754878,"gmtCreate":1655708608694,"gmtModify":1676535690785,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"4112410321254552","authorIdStr":"4112410321254552"},"htmlText":"Scam?","listText":"Scam?","text":"Scam?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040754878","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040765305,"gmtCreate":1655705059307,"gmtModify":1676535690067,"author":{"id":"3555069598699884","authorId":"3555069598699884","name":"lineasy2","avatar":"https://static.tigerbbs.com/f77bf9adce864a735aba6dcb7fd248da","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3555069598699884","authorIdStr":"3555069598699884"},"htmlText":"His comments now is worthless","listText":"His comments now is worthless","text":"His comments now is worthless","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040765305","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040700032,"gmtCreate":1655697885726,"gmtModify":1676535688398,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"htmlText":"Eyes doze off.&nbsp;","listText":"Eyes doze off.&nbsp;","text":"Eyes doze off.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040700032","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040446921,"gmtCreate":1655696159763,"gmtModify":1676535687905,"author":{"id":"4108560254165730","authorId":"4108560254165730","name":"JSQ","avatar":"https://community-static.tradeup.com/news/2965c45660d747515159c74bab95f512","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0,"idStr":"4108560254165730","authorIdStr":"4108560254165730"},"htmlText":"Follow the Musk","listText":"Follow the Musk","text":"Follow the Musk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040446921","repostId":1146769438,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040440849,"gmtCreate":1655695701381,"gmtModify":1676535687793,"author":{"id":"3579044609497336","authorId":"3579044609497336","name":"LEESIMON","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3579044609497336","authorIdStr":"3579044609497336"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040440849","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040459039,"gmtCreate":1655694769621,"gmtModify":1676535687567,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"htmlText":"Wonder who will be foolish to follow a one man's crusade to prove a point. Will he lay down his entire fortune just to prove a point. Childish and ego-manic&nbsp;","listText":"Wonder who will be foolish to follow a one man's crusade to prove a point. Will he lay down his entire fortune just to prove a point. Childish and ego-manic&nbsp;","text":"Wonder who will be foolish to follow a one man's crusade to prove a point. Will he lay down his entire fortune just to prove a point. Childish and ego-manic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040459039","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040450474,"gmtCreate":1655694759798,"gmtModify":1676535687593,"author":{"id":"3574167470846346","authorId":"3574167470846346","name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574167470846346","authorIdStr":"3574167470846346"},"htmlText":"Pls like thanks","listText":"Pls like thanks","text":"Pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040450474","repostId":1146769438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9040422153,"gmtCreate":1655694320772,"gmtModify":1676535687463,"author":{"id":"3580340700781087","authorId":"3580340700781087","name":"jazzspeed","avatar":"https://community-static.tradeup.com/news/279520f8a08ed94bc72bf186dcf094e9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580340700781087","authorIdStr":"3580340700781087"},"htmlText":"manipulator&nbsp;[LOL]&nbsp;","listText":"manipulator&nbsp;[LOL]&nbsp;","text":"manipulator 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