In a recent X post, Dogecoin’s official page posted a picture of Elon Musk’s face imposed on top of Star Wars character Darth Vader, stating “I am your father.” The popular character was speaking to Luke Skywalker, who instead was replaced by Doge. Doge replies “..we know.” The post raises questions of whether Elon Musk is a secret creator of the DOGE memecoin. Let’s discuss.
Is Elon Musk A Secret Creator Of Dogecoin?
Musk has been a very vocal supporter of Dogecoin (DOGE). The world’s richest person has stated on multiple occasions that DOGE is his favorite cryptocurrency. Musk said that he likes the unserious nature of the memecoin project. Musk has gone as far as enabling Dogecoin (DOGE) payments in many of his business ventures, such as Tesla and SpaceX merchandise. There is also a lot of talk about Musk potentially enabling DOGE payments on X Money, which is expected to make its public debut soon.
Although Musk has offered a lot of support to Dogecoin (DOGE), it is unclear if he is a secret creator of the memecoin. It is on public record that DOGE was created in 2013 by software engineers Billy Markus and Jackson Palmer. Whether Elon Musk is a secret creator behind the Dogecoin (DOGE) project is uncertain. Moreover, the X post is likely to celebrate Star Wars Day, which falls on May 4 (a play on the phrase “May the force be with you.”).
DOGE Makes Gains
Dogecoin (DOGE) seems to be making a slight recovery after experiencing months of bearish forces. According to CoinGecko data, DOGE’s price has rallied 1.3% in the last 24 hours, 12.5% in the weekly charts, 16.7% in the 14-day charts, and 23.5% over the previous month.
Also Read: What Is The Difference Between Dogecoin And A Dogecoin ETF?
Dogecoin’s (DOGE) price rally could be due to Bitcoin (BTC) briefly reclaiming the $81,000 price level. BTC and DOGE have often moved in tandem. DOGE’s rally could also be due to the anticipation of X Money. X Money could potentially include DOGE payment, although there is no official word on the matter.
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