Elon Musk’s Meme Alert Sparks Crypto Community’s Heated Reaction: Details

Elon Musk, the tech billionaire who spearheads several large tech companies and owns the X social media platform, has issued a “meme alert,” which immediately sparked a wave of heated comments both from the crypto community and regular X users who follow Musk on his social media network.

While Musk boasts an account with the largest follower count, his fans on X largely remain meme lovers, and they respond actively every time the tech mogul posts something related to memes, including his frequent tweets about the meme cryptocurrency Dogecoin.

Elon Musk issues "meme alert"

Tesla CEO Elon Musk published a meme about aliens who came to Earth with one goal: “They want our memes!” Musk voiced this in the tweet accompanying the image he published.

The text on the image says: “Citizens of Earth. Give us your memes.”

This is one of my favorites, it’s called Doge pic.twitter.com/T7nVTq2U1t

— greg (@greg16676935420) November 21, 2024

The community eagerly responded, posting memes for “the aliens.” Many of them contained ones about Dogecoin. The official account of major U.S.-based cryptocurrency exchange Kraken also posted a reply, saying: “There is no meme. Only Bitcoin.” It also posted an animated GIF with a long green Bitcoin candle to remind everyone that BTC has come really close to hitting the $100,000 level today.

Musk endorses DOGE on X once again

This time, Musk also published a photo of himself dressed in a suit with a bow tie and a white shirt, resembling the main character of the book/movie, in which Michael Corleone was played by a young Al Pacino.

pic.twitter.com/7NHqlQBbcZ

— Elon Musk (@elonmusk) November 19, 2024

This tweet garnered 772,000 likes, 13,000 bookmarks, it was retweeted 63,000 times and commented on 18,000 times. Back in April 2021, this post, along with Musk’s hosting Saturday Night Live, pushed the Dogecoin price to an all-time high of $0.70. This time, many believe, the tech billionaire hinted at his new brainchild, D.O.G.E., or the U.S. Department of Government Efficiency, which he now spearheads to cut down extensive governmental spending.

This week, Dogecoin demonstrated a roughly 16.8% increase within a single day, hitting a local high of $0.41361.