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Fortune
Fortune
Ben Weiss

Elon Musk's dog just added $500M to Dogecoin's market cap

Elon Musk attends the 2022 Met Gala on May 2. (Credit: Noam Galai—GC Images)

One tweet from Elon Musk can move markets, and on Tuesday night, the Tesla CEO and embattled owner of Twitter pushed up the price of canine-themed cryptocurrencies with just a photo of his dog.

“The new CEO of Twitter is amazing,” gushed Musk, as his dog, dressed in an iconic Silicon Valley-style black turtleneck, sat authoritatively in a large armchair behind a desk.

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