The Dogecoin (DOGE) meme coin led the blue-chip altcoin pack today, surging 6% to hit a 10-week-plus high of US$0.072 with a market capitalisation of US$10.7bn.
The rally eclipsed the world’s largest cryptocurrency bitcoin, which is down around 3% day on day.
Dogecoin jumped ahead after Twitter boss Elon Musk gave a nod to the meme coin by pulling the Ð ticker symbol in his Twitter bio.
Credit: Twitter/X/@elonmusk
This comes on the same day that Twitter was rebranded simply as X, with the famous blue bird logo officially sent out to pasture in place of an ominous X logo.
Elon Musk is a long-time DOGE fan. His various ironic posts about the meme coin have caused it to briefly surge in value.
In one recent instance this April, the coin jumped 20% in a day after Musk temporarily changed the Twitter blue bird logo to a Shiba Inu (the official dog mascot of Dogecoin).