Twitter owner and Tesla CEO Elon Musk is back to stirring up meme coin mania! Touring with Donald Trump on his campaign trail, Musk's appearances have fueled a meteoric rise in meme tokens, led by Dogecoin and a few surprising newcomers.
Dogecoin's value jumped nearly 20% in just a week and 33% this month, reaching a five-month high of $0.17. Musk's potential role in a hypothetical “Department of Governmental Efficiency” (D.O.G.E.) if Trump wins only adds fuel to the fire, creating meme coin buzz across the crypto market.
Notably, a micro-cap Solana token surged by a staggering 10,000% alongside several other Musk-inspired tokens seeing double-digit gains. This spike in meme coins has made them the fourth best-performing crypto asset class over the past day.
Will Musk’s influence drive Dogecoin and meme tokens even higher, or is a cooldown imminent?
👉 Share your thoughts below! 👇
