Tesla CEO Elon Musk has once again created a stir in the Dogecoin community by featuring a Shiba Inu in promotional materials for Tesla’s new product, the Robotaxi. The move was highlighted during a live demonstration, sparking discussion and enthusiasm in the Dogecoin community.
Elon Musk's Robotaxi debuts with a Shiba Inu as the star, DOGE price rises 2%
At a recent "We, the Robots" party for Tesla customers, Elon Musk showed off a fully autonomous Robotaxi prototype. Notably, a promotional screenshot showed a Shiba Inu sitting in the passenger seat of the car. This visual element was shared on social platforms and resonated strongly with Dogecoin enthusiasts, as Dogecoin originated as a Shiba Inu-themed cryptocurrency.
The official X account of the Dogecoin community asked Elon Musk on Twitter about the significance of the Shiba Inu display, jokingly labeling it a “Shiba Inu Taxi.” This interaction could hint at future integrations, such as accepting Dogecoin as a payment method for Tesla services.
What’s more, the news of the feature came as Musk showed off more than 50 Cybertruck Robotaxis, which he said had no steering wheels or pedals, highlighting Tesla’s determination to move toward an automated transport system.
Dogecoin leads memecoin surge in short-term trading activity
Additionally, the memecoin market has seen a flurry of activity, with Dogecoin leading the pack among short-term traders. According to data from on-chain analytics firm IntoTheBlock, Dogecoin has been a top choice for traders, with significantly higher volumes than peers such as Shiba Inu and Pepe.
Last week alone, Dogecoin attracted more than 110,000 active traders, demonstrating its enduring popularity and market influence. The increase in trading activity coincides with Musk’s recent promotional activities.
Elon Musk’s stance on cryptocurrencies has impacted various markets. Most recently, his appearance at a Donald Trump rally sparked a MAGA price rally.
The immediate market reaction to Elon Musk’s Robotaxi announcement and the associated Dogecoin tie-in was positive, with Dogecoin prices rising by about 2%. The rise reflects the broader cryptocurrency market’s sensitivity to technological innovation and celebrity endorsements.
At press time, Dogecoin (DOGE) is trading at $0.1086, up 1.81% over the past 24 hours. Following the announcement, the cryptocurrency has been trending positively, rising from earlier lows around $0.1061 to current levels.
