Dogecoin (DOGE) experienced an 8% increase following Tesla CEO Elon Musk’s recent self-reference as 'The Dogefather.' Musk brought up this moniker during a podcast, recalling his 2021 Saturday Night Live (SNL) appearance where he used the title in a comedy skit.
His casual mention on the All In podcast sparked renewed interest in Dogecoin, leading to the noticeable price surge. This phenomenon highlights Musk’s substantial influence on the cryptocurrency market.
