Elon Musk New tweet about doge..price ???

On December 17, 2024, Elon Musk, CEO of Tesla and known advocate for Dogecoin (DOGE), referenced 'DOGE' in a post on X (formerly Twitter).

He shared a CNBC broadcast video discussing his potential influence under the Donald Trump administration, which had previously nominated Musk to lead the 'Department of Government Efficiency (D.O.G.E.)' alongside Vivek Ramaswamy.

Following Musk's mention, Dogecoin's price experienced a modest increase of 0.59% within an hour, trading at $0.4032 on CoinMarketCap.

Elon Musk's mentions of Dogecoin have historically influenced its market value. For instance, in December 2020, his tweet stating "One Word: Doge" led to a 20% surge in Dogecoin's value.

In recent developments, Dogecoin's price surged nearly 20% after President-elect Donald Trump announced the creation of the 'Department of Government Efficiency' (DOGE), to be led by Elon Musk and Vivek Ramaswamy.

Additionally, in August 2024, Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by promoting Dogecoin and engaging in insider trading.

The judge ruled that Musk's statements about Dogecoin were "aspirational and puffery," not factual, making it unreasonable for investors to rely on them for securities fraud claims.