Elon Musk is at it again.
After spending some time away from the dogecoin community, multi-billionaire Elon Musk recently alluded to the dog-inspired crypto in an enigmatic tweet.
This time, the self-appointed Twitter CEO posted an image of a meme with the picture of a dog of the same breed as the one who inspired the World’s largest memecoin.
Despite not tweeting a single word about any new updates to Twitter’s platform — the image in question is already making the entire doge community speculate about what will Musk do to the currency, in relation to his social media company.
The image shows an officer checking out an I.D. (the document contains the logo of Twitter), while the person being stopped by the policemen is dogecoin’s iconic canine. And in the meme, the dog says:
“That’s an old photo,” alluding to the picture in the I.D.
On the same date, the Twitter platform changed its logo to the same dogecoin logo, albeit briefly.
As a result, $DOGE skyrocketed in the charts, growing over 30% in the span of two hours.
What Could Musk Be Alluding To?
Optimists on doge’s future are already certain that this cryptic message by Musk is a sure message that the platform will be adopting the meme coin as its main payment system.
However, no official information was shared by Musk or anyone related to dogecoin.
However, the timing of this most recent unrequested dogecoin promotion is certainly intriguing. Just two days ago, CNBC reported on how Elon’s legal team was actively attempting to bring down a $258 million lawsuit against the billionaire for “market manipulation”.
According to the lawyers in their most recent hearing, nothing that Musk did related to dogecoin was “unlawful”, and the CEO is merely an enthusiast of the memecoin.
However, people who disagree with the legal team’s statement would say that this afternoon’s dogecoin surge serves as further proof of the inherent power that Musk has over a currency that should — in theory — be decentralized.