On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days.
I will keep supporting Dogecoin
â?? Elon Musk (@elonmusk) June 19, 2022
The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin.
Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin.
I am
â?? Elon Musk (@elonmusk) June 19, 2022
Also Read: Elon Musk Says Dogecoin Should Be 'More Currency-Like,' Responds To Billy Markus On Crypto's Future