Though the price of Dogecoin (DOGE) surged over the weekend to surpass $0.06 again, this time another token based on a cuddly canine benefited from the hype around Elon Musk’s social media posts.
In a Saturday night tweet, the Tesla CEO said he would be getting a Shiba Inu dog for his household. The dog — whose breed is native to Japan — was at the center of the popular meme on which Dogecoin was based in 2013. The meme features the dog looking into the camera with a seemingly confused expression as floating text represents its inner monologue.
Though Musk’s tweets have likely contributed to the price of DOGE reaching an all-time high of more than $0.08 earlier this year, the token price seemingly didn’t flinch to the billionaire’s acquisition of a new family pet. The Tesla CEO may have been joking, or could also have been referring to Shiba Inu (SHIB), a different token project.