On March 17, 2024, billionaire Elon Musk wished X (formerly Twitter) users a Happy St. Patrick's Day with a photo of dogs. Against this background, the rate of memecoins Dogwifhat (WIF) and Dogecoin (DOGE) jumped.
— Elon Musk (@elonmusk) March 17, 2024
In particular, the price of the WIF token increased by 29.17% – from $2.2 to $3.1. At the time of writing, the rate has rolled back to $2.9:
DOGE also saw an increase – about 6% over the last 24 hours. Against the backdrop of Musk’s publication, the asset price increased from $0.14 to $0.153, but then rolled back:
Earlier it became known that the image of the WIF symbol will appear on the MSG Sphere complex in Las Vegas. The required amount was collected in just a few days.
Elon Musk’s statements and publications have previously influenced the price of some crypto assets. In particular, the DOGE rate jumped by 10% after the billionaire noted that Tesla might accept payments in memcoin.
He was even suspected of secretly funding the development of this token.
Source: Cryptocurrency
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