Did Elon Musk's tweets cause another Dogecoin trading volume spike? It's a question on every crypto enthusiast's mind whenever the tech mogul takes to X (formerly Twitter). The data suggests a strong correlation. This highlights the significant instantaneous effect of Musk's tweets on Dogecoin's trading volume that lasts for at least 2 h. While Bitcoin's reaction may be less pronounced, the impact on Dogecoin is undeniable. Musk’s first Dogecoin tweet (“Dogecoin…”) ignited a frenzy. A study by the Blockchain Research reveals that Elon Musk’s public musings about Bitcoin and Dogecoin have caused spikes of almost 20% for both cryptocurrencies. Interestingly, Dogecoin’s price increased every time Musk tweeted about it (the day of the tweet, and after one week, and after one month). We present the first evidence pointing to the joint dynamics of Elon Musk's tweets and price explosivity in the Dogecoin and Bitcoin markets. The results suggest that the… . This isn't the first time Musk's online activity has made headlines in the financial world. Recently, Elon Musk posted a tweet to thank the jury for stating that he was innocent of the charges in the Tesla 420 take-private case. While seemingly unrelated, such high-profile moments further amplify his online presence and influence, indirectly impacting the crypto markets he often discusses. Stay updated on the latest Elon Musk Dogecoin tweet analysis and what it means for your portfolio.