Elon Musk says X (Twitter) is a 'DOGE friendly place'

In the ever-evolving landscape of cryptocurrencies, every utterance by Elon Musk carries the weight of a seismic event. 

The latest instance comes in the form of a tweet from the tech mogul, proclaiming X, formerly Twitter, as a “dog & Doge friendly place!” in response to his mother, Maye Musk.

X is a dog & Doge friendly place!

Beyond its apparent lightheartedness, this seemingly innocuous statement holds intriguing implications for the price trajectory of the beloved meme coin, Dogecoin (DOGE).

DOGE 1-day price chart. Source: CoinMarketCap

However, the leading meme coin still finds itself only marginally up 0.4% in the last 24 hours.