Elon Musk’s position within the development of Dogecoin over time can’t be overstated, because the billionaire served because the cornerstone of the 36,000% rally that caught consideration again in 2021. The assist for the meme coin additionally continued lengthy after this, transferring Dogecoin into the funds sector as nicely. Nonetheless, following Musk’s acquisition of Twitter (now X) in 2023, his involvement and tweets concerning the meme coin started to say no, and have grow to be nonexistent within the final yr.
When Did Elon Musk Final Tweet About Dogecoin?
Doing a search on Elon Musk’s account on X exhibits that his final tweet straight mentioning Dogecoin was greater than a yr in the past. The tweet, which was made again in November 2024, was explaining why the inflation mechanism used for the cryptocurrency was really vital.
I feel the flat inflation of Dogecoin, which suggests lowering share inflation, is a characteristic, not a bug
— Elon Musk (@elonmusk) November 13, 2024
In keeping with Musk, Dogecoin having a flat inflation price was really a characteristic of its creation and never a bug. It is because the flat inflation price interprets to a lowering share inflation, and is subsequently a very good factor for the digital asset to have.
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Apparently, that is the one tweet that talked about Dogecoin straight that got here up on Musk’s account for the yr 2024. Different tweets have been again in 2023, transferring into 2022, when the billionaire was nonetheless very lively in his assist for Dogecoin. However regardless of not mentioning Dogecoin straight, Musk has continued to subtly present assist for the meme coin by endorsing posts about DOGE, in addition to reposting posts made by different X customers.
No Signal Of DOGE In X Cash
Although Elon Musk has been vocal up to now concerning the deserves of Dogecoin as a cost cryptocurrency, the launch of the brand new X Cash characteristic might be the ultimate nail within the coffin that means the X proprietor is transferring away from the meme coin. There have been a number of leaks of the X Cash characteristic from a closed testing part, however none of them present or point out DOGE getting used within the app.
Earlier within the week, Musk introduced that the corporate was able to launch early public entry for X Cash in April. However nonetheless, there was no signal of DOGE. Thus far, there have been experiences of X Cash providing a card, permitting customers to earn curiosity on money, permitting direct deposits, money backs, and straightforward cash transfers between customers, with the characteristic working like a financial institution. Nonetheless, there was no point out of DOGE or any cryptocurrencies for that matter.
Even with the launch of the Tip Jar characteristic, which allowed X customers to ship crypto to different X customers, solely the likes of Bitcoin and Ethereum made the minimize. Thus far, there was no integration of Dogecoin into X, dashing the hopes that traders had when the billionaire had first acquired Twitter amid the hype.
Featured picture from Dall.E, chart from TradingView.com
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