Tesla CEO Elon Musk breaks his Twitter silence with Dogecoin as its price surges

Elon Musk, who is the CEO of SpaceX and Tesla, is back on Twitter less than two days after he shared that he will be ‘off from the microblogging site’. Tesla’s CEO broke his self-imposed Twitter silence with a tweetstorm on Thursday morning promoting cryptocurrency Dogecoin, which that originally started as a joke.

It all began when Musk shared a photo of a rocket going to the moon and came up with a one-word tweet, saying Doge. The value of Dogecoin surged up to 44% after the tweet was posted, as reported by Market Watch.

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He further referred to his previous record of fortune-making tweets, adding that, “the most entertaining outcome is the most likely”. Through his recent posts on Twitter, he drove up the stocks of Etsy, Signal and also helped boost the GameStop surge. 

Not only through tweets has Musk moved markets in recent weeks, last Friday, he also changed his Twitter profile to simply “#bitcoin”, the cryptocurrency’s price soared by around 20% temporarily. 

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This time, when Dogecoin surged, Elon Musk posted a meme based on the classic Lion King scene of Rafiki showing Simba his kingdom. He posted a picture of his face superimposed over Rafiki, holding up the Doge meme, which is the cryptocurrency logo.

The meme was followed by two more Dogecoin tweets.  The first tweet reads, “Dogecoin is the people’s crypto,” while the other says, “No highs, no lows, only Doge.”

Elon Musk overtook Amazon chief Jeff Bezos to become the world’s richest individual last month, with a fortune valued at $185 billion since Tesla’s nine-fold rise in share prices over the past year.