It appears that the connection between Dogecoin and Elon Musk has paid extra dividends to the memecoin as its worth soared by double digits shortly after the Tesla CEO visited Twitter’s HQ.
It’s anticipated that Musk will full the acquisition of the social media platform within the subsequent few days.
The ongoing drama between Elon Musk and Twitter continues to take new turns. Recall that the billionaire purchased a large stake within the social media platform earlier this yr and stated he wished to buy it and make it a non-public firm shortly after.
However, the social media agency failed to supply the required person information, and Musk determined to again off at one level. Twitter launched a lawsuit, and the billionaire renewed his curiosity in buying the corporate.
Reports from a few month in the past claimed that he was prepared to purchase it after the Judge stated the acquisition needed to occur earlier than the top of November.
Musk posted a video late final evening carrying a sink into the Twitter headquarters and a wordplay, saying, “Entering Twitter HQ – let that sink in!” He additionally stated he met loads of “cool people” on the firm’s workplace.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Somewhat expectedly, the value of Dogecoin exploded following Musk’s video, given their historical past. The billionaire has outlined his affection to the OG memecoin numerous instances previously, and DOGE tends to commerce increased when he does one thing large.
This appears to be the case now as properly, as the asset soared by over 20% previously 8 hours to a 10-week excessive above $0.08.
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