Elon Musk's influence on the crypto market is undeniable. Here are some of the latest developments:

Recent Crypto-Related Activities

- *PEPE Coin Rally*: Elon Musk's tweet featuring Pepe the Frog dressed as an American superhero led to a 15% surge in PEPE coin's value, with prices reaching $0.000056998.

- *Dogecoin Support*: Musk's post about law enforcement taking actions against Reddit users targeting DOGE employees sparked a 5% rise in Dogecoin's value, which is currently trading at $0.1598.

- *Grok Token*: Musk's AI chatbot, Grok, has a self-named token, GrokCoin, which reached a market cap of $20 million and a trading volume of $100 million shortly after its launch ¹ ².

Controversies and Protests

- *Anti-Elon Musk Protests*: Widespread protests erupted in 2025 against Musk's political influence, corporate decisions, and public statements, with critics accusing him of spreading misinformation and promoting conspiracy theories.

- *Department of Government Efficiency (DOGE)*: Musk's role as head of DOGE has drawn criticism, with some viewing it as a branding blunder and others accusing him of prioritizing corporate interests over public welfare ³.

Other Developments

- *SpaceX and Bitcoin*: Crypto entrepreneur Chun Wang, founder of Bitcoin mining pool F2Pool, is backing SpaceX's polar orbit crewed mission.

- *Neuralink*: Musk's Neuralink is seeking patients to test its brain chips, which enable people to control computers with their thoughts ⁴.