Elon Musk, the Tesla CEO (TSLA) and long-time supporter of Dogecoin (DOGE-USD), made a Christmas Day statement that got crypto fans talking. “Who let the DOGE out?” Musk posted on X, alongside a photo of his dogs Gatsby, Marvin, and Floki dressed in festive outfits. The playful reference to Baha Men’s hit song “Who Let the Dogs Out?” was more than just a holiday greeting—it caught the attention of DOGE fans everywhere.
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Musk’s Dogecoin Boost Sparks Hopeful Speculation
Musk’s consistent support of Dogecoin has historically led to price surges, and fans are hoping his latest shout-out could spark another rally. One observer noted that a similar tweet from February 2021 triggered a massive DOGE price spike, ultimately reaching an all-time high of $0.73. While there’s no immediate sign that DOGE will repeat that performance, analysts remain optimistic, pointing out that DOGE’s current movements resemble those of previous bull cycles in 2017 and 2021.
According to The Crypto Basic, some investors are holding onto hope that Musk’s endorsement could push Dogecoin higher, despite the coin’s recent 5% dip.
At the time of writing, Dogecoin is sitting at $0.3129.
