Dogecoin’s DOGE tokens spiked some 10% on Monday as Elon Musk was revealed to hold a 9.2% stake in social media company Twitter worth around $2.88 billion. By shauryamalwa
in social media company Twitter Inc , worth around $2.88 billion.
Data shows that DOGE jumped from $0.143 to over $0.156 several minutes after the reports of Musk’s stake came out at 10:30 UTC. At the time of writing, prices fell slightly to $0.154.The bump had a correlated effect on some other memecoins. Shiba Inu’s SHIB jumped 5% alongside the move in DOGE. Musk holds over 73,486,938 of common stock in Twitter, valued at over $2.89 billion at current prices as
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