Prices across major exchanges including Binance, Bitfinex, FTX, Gemini and Poloniex are posting around 22% gains over a 24-hour period for the Shibu Inu-inspired meme coin. The cryptocurrency is currently changing hands for around $0.48. The increase came even as other major cryptocurrencies' prices sank.
The world's second-richest man has played a large role in DOGE's astronomical 9,400% rise in value since it was just a pup trading at around $0.005 on Jan. 1.
Musk's handiwork has previously affected DOGE's price. Last month, Tesla's CEO hinted the Shibu Inu-inspired crypto would feature on "Saturday Night Live," with Musk calling himself the "Dogefather." Prices immediately spiked on the tip, jumping 24% from $0.25 to $0.31.
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