Musk and the 'Love-Hate Relationship' with Cryptocurrency

Elon Musk is undoubtedly one of the most influential figures in the cryptocurrency field. His tweets often trigger drastic market fluctuations, whether it's Bitcoin (BTC), Dogecoin (DOGE), or other emerging tokens, they seem to soar or plummet at the drop of a hat due to his words.

Musk's Crypto 'Joke': The Legendary Rise of Dogecoin

As early as 2021, Musk frequently tweeted about Dogecoin and referred to himself as the 'Father of Dogecoin'. These tweets not only attracted mainstream attention but also caused the price of DOGE to skyrocket hundreds of times in a short period. Especially when Musk replaced the Dogecoin logo with the logo of his X (formerly Twitter) platform, DOGE gained massive exposure again.

Musk's promotion of DOGE is often humorous and witty, but he has indeed explored more application scenarios. For example, his company Tesla accepts DOGE as a payment method for some products, and SpaceX even plans to use DOGE to sponsor future space missions.

Musk's Influence on Meme Coins

Meme coins, such as Shiba Inu (SHIB) and Pepe (PEPE), quickly rose in popularity after Dogecoin. The SHIB development team even claimed that their goal is to become the 'DOGE Killer'. Although Musk has not directly supported these Meme coins, his promotion of crypto culture has undoubtedly laid the foundation for their prosperity.

For instance, SHIB became one of the top ten cryptocurrencies by market capitalization within just a few months, while PEPE attracted a large number of investors due to its social popularity and high volatility.

The Rise of Puppies (PUPP): The Next Stop for Meme Coins?

In today's increasingly saturated Meme coin ecosystem, Puppies (PUPP) is trying to fill the new market demand. Unlike DOGE and SHIB, Puppies not only rely on Meme culture but also focus on transparent governance and the practical application of decentralized applications (DApps).

Musk has stated that he does not oppose Memes but looks forward to seeing real blockchain applications. The development of Puppies aligns with this trend. As a new generation Meme coin, Puppies combines community governance with real-world applications.