Elon Musk’s inclusion of a Shiba Inu in Tesla’s Robotaxi promo has sparked excitement within the Dogecoin community, leading to a rise in DOGE’s price and an increase in meme coin trading activity.
During a recent Tesla event, Musk showcased the fully autonomous Robotaxi, which featured a Shiba Inu in the passenger seat, a nod to Dogecoin’s Shiba Inu-themed origin. This gesture resonated with the Dogecoin community, with speculation that Dogecoin could be integrated into Tesla services, possibly as a payment method.
Dogecoin saw a significant boost in short-term trading activity, with over 110,000 active traders last week, outpacing other meme coins like Shiba Inu and Pepe. DOGE’s price rose to $0.1086, a 1.81% increase in 24 hours, reflecting the broader market’s positive reaction to Musk’s promotional efforts and his influence on cryptocurrency markets.
Musk’s ties to cryptocurrencies continue to impact markets, with his latest appearance at a Tesla event fueling optimism for Dogecoin. The price of DOGE climbed by 2% in response to the Robotaxi reveal, highlighting the market’s sensitivity to innovations and celebrity endorsements.
