Cryptocurrency Dogecoin saw a 60% surge on Thursday after Elon Musk tweeted about it, a mere two days after the billionaire entrepreneur said he was going to take a break from Twitter “for a while.”
According to Reuters, Dogecoin jumped 67.99% to $0.054496. After Musk tweeted “Doge” with a picture of a rocket going to the moon, he tweeted “Dogecoin is the people’s crypto” to 45.2 million followers.
Musk also posted an edited image of himself with the Shiba Inu dog at the center of the popular doge meme, which is also the cryptocurrency logo.
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