The WSJ writes that the biography details how Elon Musk planned to launch a blockchain-based social media platform that would include payment features using Doge. Many netizens have long speculated that Musk owns a large stake in the Dogecoin project. His statements and tweets had a huge impact on the appearance of the coin and this earned him the title of “Father of Doge”.
Earlier this year, he posted a tweet that sparked heated discussions on social media. Musk and Rupert Murdock were spotted sitting together at an NFL Super Bowl game. Many netizens wondered what the two business moguls were discussing, and Musk responded that he was talking about Dogecoin with the head of Fox News. As a result, the price of Doge jumped more than 5%.
Shortly after taking over Twitter, Musk updated the company’s bird logo to the Dogecoin logo. This caused the price of DOGE to rise by more than 16% in less than an hour. Earlier it became known that X received a license necessary to provide a cryptocurrency payment service and trading services in the United States. After that, the famous influencer DogeDesigner wrote that X was not going to launch his own coin, and Musk confirmed this statement.
Source: Bits
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