Elon Musk’s function within the development of Dogecoin over time can’t be overstated, because the billionaire served because the cornerstone of the 36,000% rally that caught consideration again in 2021. The help for the meme coin additionally continued lengthy after this, shifting Dogecoin into the funds sector as effectively. Nonetheless, following Musk’s acquisition of Twitter (now X) in 2023, his involvement and tweets concerning the meme coin started to say no, and have grow to be nonexistent within the final 12 months.
When Did Elon Musk Final Tweet About Dogecoin?
Doing a search on Elon Musk’s account on X exhibits that his final tweet immediately mentioning Dogecoin was greater than a 12 months in the past. The tweet, which was made again in November 2024, was explaining why the inflation mechanism used for the cryptocurrency was truly essential.
I believe the flat inflation of Dogecoin, which implies reducing share inflation, is a function, not a bug
— Elon Musk (@elonmusk) November 13, 2024
Based on Musk, Dogecoin having a flat inflation charge was truly a function of its creation and never a bug. It’s because the flat inflation charge interprets to a reducing share inflation, and is due to this fact a great factor for the digital asset to have.
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Curiously, that is the one tweet that talked about Dogecoin immediately that got here up on Musk’s account for the 12 months 2024. Different tweets have been again in 2023, shifting into 2022, when the billionaire was nonetheless very energetic in his help for Dogecoin. However regardless of not mentioning Dogecoin immediately, Musk has continued to subtly present help for the meme coin by endorsing posts about DOGE, in addition to reposting posts made by different X customers.
No Signal Of DOGE In X Cash
Regardless that Elon Musk has been vocal up to now concerning the deserves of Dogecoin as a fee cryptocurrency, the launch of the brand new X Cash function may very well be the ultimate nail within the coffin that means the X proprietor is shifting away from the meme coin. There have been a number of leaks of the X Cash function from a closed testing part, however none of them present or point out DOGE getting used within the app.
Earlier within the week, Musk introduced that the corporate was able to launch early public entry for X Cash in April. However nonetheless, there was no signal of DOGE. Thus far, there have been experiences of X Cash providing a card, permitting customers to earn curiosity on money, permitting direct deposits, money backs, and straightforward cash transfers between customers, with the function working like a financial institution. Nonetheless, there was no point out of DOGE or any cryptocurrencies for that matter.
Even with the launch of the Tip Jar function, which allowed X customers to ship crypto to different X customers, solely the likes of Bitcoin and Ethereum made the minimize. Thus far, there was no integration of Dogecoin into X, dashing the hopes that traders had when the billionaire had first acquired Twitter amid the hype.
Featured picture from Dall.E, chart from TradingView.com
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