Elon Musk’s Tweets Don’t Matter Anymore, Says Dogecoin Labs Founder and That’s ‘Healthy’ for DOGE
Dogecoin Labs founder and CEO Jordan Jefferson said on Wednesday that Dogecoin has “transcended” the market-moving impact of Elon Musk’s social posts.DOGE Detaching from Musk?In an interview with The Block, Jefferson said there was once a period when every Musk post about Dogecoin caused "some crazy movement” in the market.“Eventually, Dogecoin got so big, spread so wide that his tweets didn’t really affect the market anymore,” he added. “That’s healthy as a sign of growth.”Jefferson said he could not predict Musk’s future actions, but added that he’d be “surprised” if DOGE doesn’t become the currency of Mars.“I’d be surprised if there wasn’t a transaction sent back as soon as they land,” he said with a cheeky grin. “At the end of the day, he likes the meme. He likes memes in general.”To Mars or to the Moon?Musk is known for reigniting community excitement with an offhand remark about Dogecoin. In February, he said that Space Exploration Technologies Corp. would likely next year.https://x.com/alicharts/status/2067430868918870333DOGE-1 planned by Canadian research firm Geometric Energy Corporation, paid for entirely with Dogecoin. It was originally slated to launch aboard a SpaceX Falcon 9 rocket in 2022, but it has faced multiple delays.Price Action: As of this writing, DOGE is down 1.60% in the last 24 hours to $0.06698, to Benzinga Pro. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Preview Photo: Frederic Legrand – COMEO on Shutterstock.com