Blockchain News

Elon Musk Makes Waves on Crypto Twitter, Helps Send Aptos (APT) and Dogecoin (DOGE) on Rallies

‘Tech billionaire Elon Musk is making waves on crypto Twitter once again, highlighting two digital assets and putting them on a rally. The Twitter CEO published a remark referencing layer-1 protocol Aptos (APT) in a since-deleted tweet screen recorded by CoinGecko, sending the Ethereum (ETH) competitor’s price surging.

Musk’s quick tweet, which just said “AI APT OTT,” rocketed the proof-of-stake protocol from a 24-hour low of $12.27 to $13.40, a 9.2% surge in just a few hours. However, the coin has subsequently retraced and is currently trading at $12.33.

Musk also responded to a meme produced by a Dogecoin (DOGE) graphics artist that depicted the CEO wearing a hard hat and appearing to be working in a mine.The DOGE developer addressed reports that Musk formerly owned an emerald mine in the post, giving media outlets money in DOGE if they can obtain proof of the mine’s existence.

“Elon Musk was never the owner of an emerald mine.”

An open offer of 69.420 DOGE to all media outlets who spread misleading information. Send me confirmation of its existence, and I’ll give you your DOGE.”Musk himself said that he’d pay much more in DOGE for proof of the mine.”I will pay a million Dogecoins for proof of this mine’s existence!”

The tweets caused Dogecoin to temporarily rise from $0.0868 to $0.0912, a 5% increase. DOGE, on the other hand, has subsequently retreated and is now trading at $0.0869 at the time of writing.


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