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Amid Elon Musk’s disputes with Dogecoin founder, the token’s popularity has grown by 200%
The Twitter spat between Elon Musk and Jackson Palmer has increased the audience’s interest in the DOGE cryptocurrency.
Interaction with DOGE on social media increased by 57% over the past week and by 192% on the last day of May. The surge in social interaction with Doge began on May 28, when CryptoLaw founder John Deaton addressed Elon Musk. At the time, Deaton warned that the constant pumping of the DOGE coin on Twitter would prompt the SEC to identify Musk’s relationship with the meme coin as an investment contract. That is, Musk is a person of interest.
And in the last days of May, there was a new boom in social media discussions, when Jackson Palmer and Elon Musk took turns calling each other fraudsters and arguing about the future of Twitter.
It is worth reminding that Musk really tried to pump the coin on May 27 and raised the value of the DOGE cryptocurrency by 9% in just 1 hour. A repeated reset triggered growth for less than 30 seconds.