Musk is up to something again on the X platform. This time he posted a badge image that says "THE DOGEFATHER DOGE", and anyone with clear eyes can see this is an advertisement for Dogecoin. This guy has been supporting Dogecoin since 2019, and every time he tweets, it sends the price skyrocketing. Remember when he changed the Twitter logo to a dog head last year? Dogecoin shot up 30%, it was simply outrageous.
This new badge is quite interestingly designed, "DOGEFATHER" clearly indicates that he considers himself the big boss of Dogecoin. He even made the badge look like it belongs to a government agency, probably to add some prestige to Dogecoin and make it look more serious. If you ask me, this move is indeed clever; after all, his casual posting of a "Department of Government Efficiency" dog head logo was enough to make Dogecoin surge by 20%. This time he’s probably looking to profit again.
However, to be fair, Musk's actions are not without consequences. In 2022, someone took him to court, claiming he manipulated the price of Dogecoin. Although this guy claims he will continue to support Dogecoin, with such occurrences happening frequently, it’s hard not to wonder if he’s just playing a game of hot potato. If you ask me, ordinary people getting excited about the rise and fall of Dogecoin are likely just setting themselves up to be left holding the bag. Musk's recent actions, to put it plainly, are just another attempt to pump the price again, but who knows when he might suddenly turn against it?
