Elon Musk's recent post on social media platform X, formerly known as Twitter, featuring an image of himself with the text "The Dogefather," has sparked a surge in Dogefather-themed tokens. Musk's posts, especially those related to meme coins and his nicknames, draw significant attention due to his large following and influence in the crypto community. The term "Dogefather" is a playful nickname for Musk, referencing his association with Dogecoin. Following his post, several tokens branded with the Dogefather name experienced a substantial rally, with DOGEFATHER and The DogeFather tokens surging by triple digits. Musk's social media activity has previously impacted markets, such as when he changed his username and when the US Department of Government Efficiency displayed the Dogecoin logo on its official homepage. However, it's important to note that the image Musk shared was digitally altered, with the original picture taken at a political conference where Musk was given a chainsaw as a symbolic gesture related to his work in cutting government spending and reducing the federal workforce.
Content Editor ( beincrypto.com )
- 2025-02-21
Elon Musk’s Latest Post Triggers Explosive Growth in Dogefather-Themed Coins
