Elon Musk’s Meme Alert Sparks Crypto Community’s Heated Reaction

Elon Musk, the tech billionaire behind several large tech companies and owner of the X social media platform, has issued a “meme alert,” which immediately sparked a wave of heated comments from both the crypto community and regular X users.

While Musk boasts the largest follower count on X, his fans are largely meme lovers who respond actively every time he posts something related to memes, including his frequent tweets about the meme cryptocurrency Dogecoin.

Elon Musk Issues “Meme Alert”

Tesla CEO Elon Musk posted a meme about aliens who came to Earth with one goal: “They want our memes!” Musk voiced this in the tweet accompanying the image.

The text on the image says: “Citizens of Earth. Give us your memes.”

The community eagerly responded, posting memes for “the aliens.” Many of them featured Dogecoin. The official account of major U.S.-based cryptocurrency exchange Kraken also replied, saying: “There is no meme. Only Bitcoin,” and posted an animated GIF with a long green Bitcoin candle to remind everyone that BTC has come close to hitting the $100,000 level today.

Musk Endorses DOGE on X Once Again

Three days ago, the eccentric tech entrepreneur returned to a meme he last posted in early 2021 when he called himself “The DogeFather,” referencing the classic novel by Mario Puzo that was adapted to the screen by Francis Coppola.

This time, Musk also posted a photo of himself dressed in a suit with a bow tie and white shirt, resembling the main character of the book/movie, Michael Corleone, played by a young Al Pacino.

This tweet garnered 772,000 likes, 13,000 bookmarks, was retweeted 63,000 times, and commented on 18,000 times. Back in April 2021, this post, along with Musk hosting Saturday Night Live, pushed the Dogecoin price to an all-time high of $0.70. This time, many believe the tech billionaire hinted at his new brainchild, D.O.G.E., or the U.S. Department of Government Efficiency, which he now leads to cut down extensive governmental spending.

This week, Dogecoin saw a roughly 16.8% increase within a single day, hitting a local high of $0.41361.

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Elon Musk’s Meme Alert Sparks Crypto Community’s Heated Reaction was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.