Why Elon Musk’s Recent Tweet Didn’t Move the Dogecoin Needle

• Elon Musk recently posted about Dogecoin on X but the post did not impact DOGE like in the previous times.
• Some crypto users think the famous internet figure attempted to shill DOGE at the wrong time.
• DOGE traded for $0.1566 at the time of writing after recovering from a weekend dip that saw the price fall to $0.1306.

On Tuesday, Elon Musk, CEO of X, posted about Dogecoin on the foremost social media platform. However, the post did not have the characteristic impact of similar posts in the past. 

This time, Musk shared a still image of a Roman Emperor and a centurion, with both figures having distinct facial expressions. He depicted himself as the centurion, while the Emperor represented the mainstream media having to cover Dogecoin as a top 10 crypto.

In the past, such indirect posts by the X owner sent the crypto market into a frenzy, especially Dogecoin. Many crypto users believe Musk used that pattern to inject the Fear Of Missing Out (FOMO) into the market and deliberately influence the pieces of specific cryptos like DOGE.

Meanwhile, Musk’s post did not impact the memecoin’s…

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