A single meme tweet from Elon Musk set the crypto world buzzing, with Dogecoin’s value surging 16.8% this week. The viral post, reminiscent of Musk’s 2021 “DogeFather” moment, highlights his knack for intertwining humor, memes, and market impact.

Elon Musk Sparks a Meme Frenzy on X

Billionaire computer entrepreneur Elon Musk, who runs many major internet firms and owns the X social media platform, has released a "meme alert" that has ignited a firestorm of criticism from crypto enthusiasts and Musk's regular X followers.

Although Musk has the most followers on Twitter, his X account is where his legion of meme enthusiasts really shine. They go into overdrive whenever the tech billionaire tweets about memes, such as his many references to Dogecoin, a parody cryptocurrency.

Alien Meme Stirs Dogecoin and Bitcoin Fans

Elon Musk, CEO of Tesla, shared a meme in which aliens arrived on Earth with a singular purpose: "They want our memes!" This was stated by Musk in the tweet that accompanied the photograph he shared.

“Citizens of Earth. Give us your memes.” reads the caption beneath the picture.

People in the community were quick to react, creating memes to mock "the aliens." There were several that discussed Dogecoin. “There is no meme. Only Bitcoin,” another official account from the prominent US-based cryptocurrency exchange Kraken said. It also showcased an animated GIF featuring a lengthy green Bitcoin candle to serve as a reminder that BTC has been quite close to crossing the $100,000 mark today.

A Return to the "DogeFather" Persona

According to U.Today, just three days ago, the eccentric internet entrepreneur went back to his roots as a meme creator. In early 2021, he went by the moniker "The DogeFather," alluding to the famous crime thriller by Mario Puzo that Francis Coppola adapted for the big screen.

Musk also shared a photo of himself this time, imitating the protagonist Michael Corleone from the book/movie played by the young Al Pacino: a suit, a bowtie, and a white shirt.

Viral Tweets and Market Reactions

This particular tweet received an impressive number of likes (772,000), bookmarks (13,000), retweets (63,000), and comments (18,000).

This post and Musk's appearance on Saturday Night Live in April 2021 caused Dogecoin's price to reach a record high of $0.7. A lot of people think the tech mogul was hinting at his new initiative, the US Department of Government Efficiency, which he is leading to reduce massive government spending and expenditure.

In only one day this week, Dogecoin surged 16.8 percent, reaching a new all-time high of $0.41361.