As of , Dogecoin has seen renewed volatility linked to Musk's broader business and political activities:
: Musk posted a series of tweets including "Doge," "Dogecoin is the people's crypto," and the "ur welcome" meme. As of , Dogecoin has seen renewed volatility
The phrase refers to a famous Elon Musk tweet from February 4, 2021, featuring a Lion King meme where he portrayed himself as Rafiki holding up a "Doge-Simba". This tweet, combined with several others that day, triggered a 42% to 60% surge in Dogecoin's price within 24 hours. Context: The "Ur Welcome" Market Impact " "Dogecoin is the people's crypto
: Dogecoin jumped from roughly $0.03 to over $0.05 immediately following the posts. combined with several others that day