Elon Musk and Dogecoin: How the Billionaire Became the ‘Dogefather’

WITH Dogecoin Return late last year and early 2025Some may think: where is the property from? What is being done for? And what about this Tesla Elon Musk has to do with it?

The original meme of coin must be largely thanked by the richest man in the world. Male obsession of shit Top 10 cryptocurrencies.

In the last few years, the ride has been crazy, and she has culminated in Musk’s appointment to run a government agency called Doge – yes, yes. But we will explain it all.

2018: What Doge?

Dogecoin is the largest and oldest meme coin and the second largest criplet of the evidence. Either created 2013 as a joke of developer Billy Markus and Jackson Palmer.

The idea was to have a huge number of Altcoin and the crypto projects that enter the market after a rapid rise of bitcoin, and the coin enjoyed relative ambiguity and low price during its early years.

But then Musk came. Eccentric billionaire ask Palmer in Tvita for 2018 to help with Twitter Bot. Fraudsters created a number of false high -profile accounts, including Musk’sto push the crypt against. The fraud usually posted fake Ethereum gifts.

It was the first real interest that Musk showed in Dogecoin.

2019: The pump begins

Musk started pumping Dogecoin next year. “Dogecoin could be my favorite cryptocurrency”, wrote in April 2019, in response to the survey screenshot from the Dogecoin official account, asking who should be the Cryptumelute Executive Director. “It’s pretty cool.”

The post would be the first of many to cause the value of the property to be rocketed upwards. Shortly after Musk’s first tweet about Dogecoin, a market cap of coins reached $ 400 million and Crypto Exchange Huobi on the list it.

Musk, however, did not stop there: the Dogecoin CEO marked – on Twitter before he continued to release the tweets look for If a coin “is a really valid form of currency” or publication Memes Associated with the original dog bark.

2020/2021: A bull run arrives

Musk continued to pump Dogecoin’s price here and there with their tweets, but things really started during the 2021 ride. Main exchange like coinbase pro the aforementioned Dogecoin And the property has developed a larger cult that follows, not to mention the growing main consciousness.

Doge gained a market cap larger than many companies in S&P 500. The developers only said Decipher that they had He works secretly With a male since 2019 to make a coin with a valid payment method and a greener, cheaper alternative to Bitcoin.

But things have become a stranger when a musk I called myself “Dogefather” on the eve of the “Saturday night” Scythian about cryptocurrencies – again sending the price of property that paddled upwards. Doge would jump at the moment of a high price of about $ 0.73 at all times.

The “SNL” men’s appearance ended to be insidious For reaching fans, with the boss Spacex, the mother’s allusions on the coin, ultimately pushing the price. Still, he continued to bring the unusual world of meme coins to the main stream.

Later that year, musk announced To make his rocket company Spacex a satellite to the moon – fully funded by a crypto currency.

2022: Tesla/Twitter Mania

Doge Mania continue in 2022. When Musk -‘s car company began to accept Dogecoin for the goods.

Dogecoin continued to experience bumps of price when Musk bought Twitter and RebraDed him on xhinting that it will become a payment platform that could eventually be able to integrate Og meme coin.

Things came back to bite the musk later that year, when the American hit Billionaire and Tesla and Spacex with a lawsuit of $ 258 billion for allegedly pumping Dogecoin – property with “no value at all”, according to the original submission.

But Musk and his lawyers achieved victory This year, when the judge stopped with them and rejected the lawsuit, calling Tweet’s technology entrepreneur about Dogeco’s “aspirative and blower”, noting that “no reasonable investor could rely on them.”

2024-2025: Trump, Mošus and Doge

Dogecoin had a relatively quiet 2023 but meme coin rose in recent months Following Musk’s support of Republican Republican campaign Donald Trump for the White House.

This is mostly because Trump said that Musk would lead the Government Commission for efficiency before voting back to the headquarters of the government; Musk claimed to be called Government Efficiency Department– an acronym that corresponds to Dogecoin’s mark.

Whenever Musk mentioned his future political role with the so -called Doge before the election, the price of Dogecoin jumped.

But before Trump’s victory for the election, Musk discovered what he probably thought all the time: that he was not seriously interested or involved in Bitcoin, Dogecoin or any crypto currency. He just likes the meme coin.

“I am not really actively involved in the crypto,” said at a gathering. “I make Dogecoin jokes and things because I just love Dogecoin – because it has the best sense of humor and has dogs and memes, and I love all these things.”

Still, the price of Dogecoin flourished more, reaching a three-year high price of $ 0.48, which has fallen significantly from this writing. Musk is recently Praised Dogecoin inflation rate and tweet the famous picture of meme a Dust cloud with a reach of face Ending the city.

And the elected President Trump made him official This musk would run a new administration department, although the planned co -founder Vivek Ramaswamy Guarantee in January Because of other political ambitions.

Trump even sold T-shirts that proved to be Mošula along with the Doge-Esque works. And the Dogea official website briefly presented famous pictures of Doge Meme, Increasing the price of the dogecoin in the process.

With Trump to duty, Musk’s Doge started aggressive examination Consumption in the United States, capturing titles while approaching potentially sensitive data of citizens, at the same time increasing professional norms in the process.

But in May, Musk left the government role, and the public dispersed between the two. Musk made some Shocking claims about Trumpand the president in turn said that Doge was You should review the Musk company– And to watch Musk deported.

Public battle did not do any services for the price of Dogecoin, although it has it Briefly reinforced coins for memes inspired by the conflict.

Now Elon Musk returns to focus on his companies, with recent moves Reigening speculation Through whether X can integrate Dogecoin or other crypto currency to pay.

Note the editor: This story was originally published on November 13, 2024. The last time was updated with new details on July 6, 2025.