Dogecoin (DOGE) Supporter Elon Musk Mentioned a Different Memecoin for the First Time!

Tesla CEO Elon Musk, known for his support of Dogecoin, discussed the popular Solana (SOL)-based memecoin Dogwifhat (WIF) during a live broadcast.

Musk's statement, "I know Dogwifhat," sparked speculation and excitement among WIF's community. Investors were particularly enthusiastic given Musk's previous support for Dogecoin (DOGE).

Previously, Musk had shown preference for DOGE over Shiba Inu (SHIB), the second largest memecoin. Notably, this was the first time Musk publicly mentioned a memecoin other than Dogecoin.

While Musk's comments about WIF were unexpected, they did not result in a significant price increase like those observed with DOGE. WIF investors remained composed, and the coin's value has remained relatively stable since Musk's remarks.

Currently, WIF is trading at $2.68, slightly down from its previous value.

Breaking News: @elonmusk mentions Solana memecoin $WIF (@dogwifcoin).

Disclaimer: This is not investment advice.