Elon Musk, the dogecoin-touting Tesla billionaire, has boosted the price of the meme-based cryptocurrency, tweeting his son is “holding his doge like a champ.”
The dogecoin price, down around 75% from its April peak, climbed off lows of under 17 cents following Musk’s Twitter post.
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“Lil X is hodling [a crypto twist on the word “holding”] his doge like a champ,” Musk replied to a meme posted by a Musk and dogecoin fan account. “Literally never said the word ‘sell’ even once!”