Elon Musk buys Dogecoin for his son, X Æ A-Xii

By Navya Sriram Published on February 10, 2021, 22:46 IST

Billionaire Elon Musk has recently been tweeting about Dogecoin quite a bit. Elon Musk said that he recently bought dogecoin for his son.

He sparked another surge in Dogecoin on Wednesday after he tweeted to his 46 million followers that he bought some for his 9-month old son, X Æ A-Xii. Dogecoin surged as much as 16% following the tweet, spiking from $0.069 to $0.08.

The rally helped Dogecoin reclaim a total market valuation of $10 billion, which makes it bigger than a lot of other Cryptocurrency companies.

Bought some Dogecoin for lil X, so he can be a toddler hodler

— Elon Musk (@elonmusk) February 10, 2021