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Elon Musk says in a tweet that he bought dogecoin for his son, sparking a 16% surge in the 'meme' token

Elon Musk says in a tweet that he bought dogecoin for his son, sparking a 16% surge in the 'meme' token


Reuters



Elon Musk's tweet spree on Dogecoin continued on Wednesday after he said he bought some of the meme-based token for his son.



The tweet sparked a swift 16% surge in the cryptocurrency.



"Bought some Dogecoin for lil X, so he can be a toddler hodler," Musk tweeted.



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Elon Musk sparked another surge in Dogecoin on Wednesday after he tweeted to his 46 million followers that he bought some for his 9-month old son, X A? A-Xii.Dogecoin surged as much as 16% following the tweet, spiking from $0.069 to $0.08.This isn't the first time an Elon Musk tweet sparked a rally in the cryptocurrency. Nor is it the second time.Dogecoin is a shiba inu meme-inspired cryptocurrency that was started as a joke in 2013."Bought some Dogecoin for lil X, so he can be a toddler hodler," Musk tweeted.
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