Elon Musk’s Latest Profile Update Fuels Memecoin Surge: The Rise of ‘Dogefather’ Tokens

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On February 21, Elon Musk, in a bold move, updated his X account profile picture to an image of himself holding a “golden chainsaw”—a unique gift he received from Argentina’s President Javier Milei. The image update also prominently features the words “The Dogefather” in the background. Musk is often referred to as the “Dogefather” because of his association with Dogecoin (DOGE), the popular memecoin. Though he doesn’t have fast control over the crypto market, Musk’s social media presence is still a significant base of influence. He was last known for using X to assert how he’d been “on the moon”

The post Elon Musk’s Latest Profile Update Fuels Memecoin Surge: The Rise of ‘Dogefather’ Tokens appeared first on The Merkle News.

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