Topics like this raises my curiosity to how the crypto world can be influenced to face a particular direction in favor of a person. I think they are just using this tokens to gain the hearts of people and I return have more exposure to their newbie tokens
just exploring their community..
Trump has done the exact same thing but with the way stocks are influenced.
Just look late last night on announcement made of the 25% tariffs on the automotive industry.
Things like this tend to also affect the price on other tickers including bitcoins.
Grabbing the attention like hot cupcakes.
But I don't think it made anything more particular on the chart of the doge (and I am happy for it).
Same with Trump token. When he tweeted about it the other day, it did not move more than 2-3% when usually it would by 10-25% in the past.
With Doge, Elon sees it as a meme and nothing more. He doesn't care if it pumps or dumps because the monetary value of it does not concern him.
He has seen it as something that is recognized as a cultural phenomenon. Where everyone instantly recognizes it.
So he uses it as an attention setter so he gain more attention to his own brands. Space X, Tesla and X.