Dogecoin Pumps as Elon Musk Agrees (Again) to Buy Twitter
Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms. Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20 per share.
Dogecoin and Musk have shared a long and deeply intertwined history. For years, the world’s richest man has touted the memecoin in numerous playful tweets that he first claimed were ironic, but later appeared indicative of a real working relationship with the cryptocurrency’s developers. Musk’s tweets about DOGE, joking or not, regularly sent the token’s price skyrocketing; when Musk hosted “Saturday Night Live” in May 2021, anticipation of the event sent DOGE hurtling towards an all-time high of $0.72.
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