A statement from Musk ignited the Dogecoin frenzy, but on-chain data poured cold water on it.
$DOGE
Elon Musk once again stirred the community.
The latest post from the billionaire on platform X has brought Dogecoin (DOGE) back into the spotlight. Immediately after his statement, this memecoin quickly became a hot topic on social media.
However, contrary to the excitement in the online space, the market reaction has been quite indifferent.
Musk's post ignited interest in DOGE