The world’s greatest Dogecoin influencer, Elon Musk, has been at it again hinting at accepting the meme token DOGE on his newly acquired social media platform, Twitter.
Since taking over Twitter and shaking the executive tree over the past week, Elon Musk has been extremely active on the platform.
On Nov. 2, the billionaire Tesla owner who has changed his handle to “Twitter Complaint Hotline Operator,” tweeted about inner masochism.
The Stonks Reddit Trading account replied asking whether he had been working on a Dogecoin payments solution for the platform.
Musk reacted with the “eyes” image suggesting he may be looking into it.
Crypto Twitter Erupts
Naturally, crypto Twitter erupted with speculation over the latest Dogecoin integration intimation from Musk.
Investor Luke Martin exclaimed to his 320,000 followers that it was the first official mention:
“Woah. Is this the first official $DOGE Twitter integration tweet from @elonmusk since he took over? It’s going to absolutely explode if he does it.”
Furthermore, crypto sleuth “Croissant” did some digging into Musk’s possible motivations and plans for the platform. His vision was a blockchain social media system that does both payments and short text messages.
Earlier this year, documents detailed a chat between Musk and Sam Bankman-Fried on the potential roadmap for Twitter. They also mentioned Dogecoin:
“My Plan B is a blockchain-based version of Twitter, where the “tweets” are embedded in the transaction as comments. So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.”
Musk also has grand visions of a “Super App” called X (he owns x.com) that does everything. It would offer decentralized social media, micro-payments, gaming, food deliveries, ride-sharing, and shopping. It would be similar to China’s WeChat which incorporates multiple features including messaging and financial payments.
Musk’s all-encompassing concept needs a decentralized digital asset. It isn’t the first time he has tickled the Doge, and it certainly won’t be the last.
Dogecoin Price Update
Naturally, Dogecoin price has been on fire recently. The meme token has made a whopping 120% over the past week while Bitcoin has only managed single-figure gains.
DOGE is currently trading down 5.3% on the day at $0.138 at the time of writing. It has been one of the best-performing crypto assets during the recent relief rally.
However, Dogecoin is still down 81% from its May 2021 all-time high price of $0.731 – a pump that was also induced by Elon Musk at the time.
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.