The post Elon Musk Tweets Ghibli-Inspired Photo Lifting DOGE—Is Another DOGE Rally on the Horizon? appeared on BitcoinEthereumNews.com.

Elon Musk, the ever-controversial CEO of Tesla and SpaceX, has caused waves in the crypto space once again with his newest tweet—a whimsical photo inspired by legendary animation house Studio Ghibli, of himself carrying Doge mascot in the air. Of course, crypto enthusiasts and market watchers alike have already begun speculating: Could Musk’s newest tweet foretell a future DOGE surge? Theme of the day pic.twitter.com/2ioG0StAxL — Elon Musk (@elonmusk) March 26, 2025 Musk’s Twitter account has long been a price action driver in Dogecoin. This fresh Ghibli-inspired sketch, with a standard “My Neighbor Totoro” reference included, was a viral social media sensation overnight. The tweet, simple yet striking, led investors up to hope for a rally, something akin to the blockbuster price actions usually resulting from Musk’s ambivalence. Earlier trends even show a correlation between Musk’s tweets and DOGE price spikes. More particularly, in early 2021, Musk pushed DOGE to an all-time high of nearly $0.73 per token with constant mention and memes. Even casual comments or veiled jokes by Musk have earlier triggered intense bullish fervor, underscoring his immense influence in the cryptocurrency market. However, it is critical to come at such signals with guarded optimism. Market experts repeatedly caution investors not to make decisions based on social media-fueled hype alone. Cryptocurrencies, and especially meme-based coins like DOGE, are exceptionally volatile. Musk’s tweets, though powerful, do not always indicate the long-term sustainability or underlying strength of the asset. Additionally, Musk’s relationship with Dogecoin has not been smooth sailing. Musk was under legal scrutiny last year for allegedly tweeting his support, which amounts to market manipulation, highlighting the tenuous dance between social media power and stock markets. Despite this, Musk’s tongue-in-cheek support remains unfazed. Tesla and SpaceX have utilized Dogecoin for merchandise purchases and test transactions in the past, indicating…

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Filed under: News - @ March 27, 2025 12:24 am