#DOGE Home Elon Musk’s latest statement. Here are some key messages:

1: Musk’s statement affects DOGE price: Musk said on Wednesday morning ET that his artificial intelligence startup xAI is not “raising money.” The announcement caused the price of DOGE to fall to $0.10 and fall by 1.1% in the past hour, partially reversing the 14% gain from the previous day.

2: DOGE Price Dynamics: DOGE gained 7% on Tuesday ahead of Musk’s announcement, after an SEC filing revealed that xAI may seek to raise up to $1 billion in funding, and has already raised After raising US$134.7 million.

3: Musk’s relationship with DOGE: Historically, the price of DOGE has often been affected by Musk’s comments and public posts as he has shown clear interest in this dog-themed meme token. For example, in April of this year, Musk proposed DOGE on Twitter as one of the payment options for Twitter Blue, Twitter’s subscription service. In addition, Musk’s electric car company Tesla already accepts DOGE payments for purchases at Tesla Stores.