The richest man in the world doesn’t usually take himself too seriously.
The cryptocurrency is the byproduct of a joke between two engineers in 2013.
Reddit helped Dogecoin develop its own subculture in 2013, but Musk didn’t publicly take note until 2019.
The cryptocurrency has long contributed to a culture that distinguishes itself by a sort of irreverence for institutions like Wall Street.
Musk first tweeted about Dogecoin in 2019.
It’s unclear how much Dogecoin Musk owns personally. But, some have speculated he could be the Dogecoin whale who famously holds over 36 billion coins.
Dogecoin didn’t really take off until 2021 when it followed GameStop’s rally.
Musk helped lead the charge to send Dogecoin “to the moon.”
Musk mentioned Dogecoin on SNL, but it sent the coin lower.
Musk promised to send Dogecoin to the moon, literally.
Earlier this year, Tesla began accepting Dogecoin as payment for merchandise.
Musk gave his Twitter followers some advice: Don’t sell.
Musk’s relationship with Dogecoin hasn’t always been smooth sailing. In May, one of the meme coin’s creators took aim at the billionaire.
Musk fired back at Palmer.
But, Musk appears to have a close relationship with Markus on Twitter.
Musk has continued to promote Dogecoin even as crypto has plummeted.