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Elon Musk

From memecoin.wiki, the free memecoin encyclopedia
Elon Musk
Elon Musk
Image: X profile avatar of @elonmusk
handle@elonmusk
rolebillionaire, Dogecoin promoter
known forthe Dogecoin arc, the DOGE department, Kekius Maximus, Grok companion coins

Elon Musk is the billionaire whose tweets defined Dogecoin's price history, whose DOGE government department pumped the coin to three year highs, and whose name changes minted and killed tokens in hours.

Contents
  1. 1 The Dogecoin arc
  2. 2 The DOGE department
  3. 3 Name changes and companion coins
  4. 4 Significance
  5. 5 References

Elon Musk is the founder of SpaceX and Tesla and the owner of X. This article covers only his meme coin footprint, which is the largest of any individual: for most of the asset class's history the single most reliable price catalyst in the trenches was Musk posting.

The Dogecoin arc

Musk began tweeting about Dogecoin in 2019, calling it his favorite cryptocurrency, and his 2020 and 2021 posts repeatedly sent the coin vertical, culminating in the runup to his May 2021 Saturday Night Live appearance as the self styled Dogefather, during which DOGE famously crashed as he called it a hustle on air. Tesla later accepted DOGE for merchandise, and in April 2023 Twitter briefly replaced its bird logo with the doge, spiking the coin again. A class action seeking 258 billion dollars accused him of manipulating Dogecoin and insider trading; in August 2024 Judge Alvin Hellerstein dismissed the case with prejudice, ruling that tweets like "dogecoin is the future currency of Earth" were puffery no reasonable investor could rely on, and the plaintiffs dropped their appeal that November.

The DOGE department

In November 2024 Donald Trump announced a Department of Government Efficiency, acronym DOGE, to be led by Musk, and Dogecoin jumped more than 20 percent toward three year highs on the news, per CNBC, despite the department having no connection to the coin. Musk ran the department as a special government employee until May 28, 2025, departing at the end of his 130 day term amid reporting by NPR that its savings claims were overstated. For the token, the department era functioned as an extended narrative pump that unwound alongside Musk's exit from Washington.

Name changes and companion coins

Musk's profile edits became tradable events. On December 31, 2024, he renamed himself Kekius Maximus with a Pepe avatar, and an existing token of that name rose more than thirtyfold, drawing insider trading questions covered by Cryptopolitan; a February 2025 rename to Harry Bolz did the same for another token. In July 2025 the launch of Ani, the anime companion of his xAI chatbot Grok, spawned a wave of unaffiliated companion coins on Solana, with the largest reaching a roughly 40 million dollar capitalization after a Musk repost. Musk has never launched or endorsed a coin of his own, and has warned against betting the farm on crypto, but no disclaimer has ever stopped the market from trading his feed.

Significance

Musk is the proof of the attention thesis at maximum scale: one account, moving one legacy coin and hundreds of parasite tokens, for seven years and counting. The celebrity coin wave was in large part an attempt by lesser celebrities to bottle what Musk does by accident.

References

Category: People