- Elon Effect: Elon Musk first tweeted about Dogecoin on April 2, 2019, calling it his favorite crypto—triggering a major rally and long-term bullish impact on the coin.
- Massive Returns: A $5,000 investment at that time would be worth over $321K today, while $10,000 would have grown to more than $643K, thanks to a 6,300% price increase.
- Still Going Strong: Despite being down from its all-time high, Dogecoin remains a top-performing meme coin, heavily influenced by Musk’s ongoing support and community hype.
Alright, so you know that meme coin with the Shiba Inu dog? Yeah, Dogecoin. It’s been on a wild ride—and a lot of that ride has had Elon Musk in the driver’s seat, grinning like he’s in a Tesla Cybertruck. The dude has been low-key (and sometimes very high-key) obsessed with Dogecoin for years.
Let’s rewind a bit. Back on April 2, 2019—so six years ago now—Elon posted that Dogecoin “might be his fav crypto.” Pretty casual tweet, right? But that was the moment. Dogecoin was chillin’ at like $0.0025 back then, barely a blip on the radar. But then? Boom. A mini pump. Then a massive one. And if you’d gotten in early, well… you might be feeling pretty rich right now.
Doge + Elon = Magic?
Musk’s been more than just a fan. He called himself the DogeFather at one point (yep, seriously). He even swapped out the Twitter (now X) logo with the Doge meme in April 2023—and the price spiked 30% almost instantly. Like, what other coin has that kind of reaction from a meme swap?
Anyway, while some folks in the Doge crowd are kinda tired of his antics, no one can really deny his effect on the price. Let’s break it down.
What If You Dropped $5,000 or $10,000 Back Then?
So back on that April 2, 2019 tweet, DOGE was around $0.002552. Let’s say you threw in $5K right then. You’d have scored about 1.96 million DOGE. Today, with DOGE hovering at $0.1641 (it’s dropped from its all-time high but still way up), that stash would now be worth $321,765. That’s not a typo.
Now, if you’d had the guts—or luck—to go in with $10,000? You’d be holding about 3.9 million DOGE. Today, that’d be worth roughly $643,025. Not bad for something that started as a joke, right?
The Crazy Numbers
To give it some perspective, Dogecoin peaked at $0.7488 in May 2021. That’s a mind-blowing 29,852% rise from when Elon first gave it a shoutout. Sure, it’s cooled off since then (down about 78% from that peak), but even now, it’s still up over 6,300% from where it was when Musk first called it “cool.”
Final Thought
Moral of the story? Memes matter. Or maybe it’s just Elon’s tweets that do. Either way, Dogecoin’s had a ridiculous journey—one that started with a joke and somehow ended up creating millionaires.
