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Once again, Elon Musk's tweets have moved the dog coin market. When a post about Kabo's passing circulated, both DOGE and SHIB jumped simultaneously. Gains of 5% within a few minutes—Elon Musk's influence is truly incredible.
In the past 24 hours, DOGE has risen by 6%, and SHIB has increased by nearly 2%. While the overall market has remained almost flat, only dog-related coins are standing out. Since Kabo was the face of Dogecoin, it seems inevitable that every time Elon Musk tweets, there’s a reaction.
Currently, DOGE is trading around $0.09. In the crypto community, there’s constant speculation that Elon Musk is one of the largest DOGE holders and that he might integrate it into X’s payment system. It looks like the price movement of dog coins depends heavily on Elon Musk.