Dogecoin has surged 24% in a month, outperforming major cryptos on Elon Musk's antics

• Dogecoin has jumped 24% in the past month, according to Messari.
• The token's price often fluctuates on comments from Twitter and Tesla CEO Elon Musk.

Dogecoin has jumped 24% in the past month on Elon Musk's antics related to the meme token, outpacing a broader rally in the cryptocurrency market.

The crypto added to gains on Monday, spiking as much as 6%, according to Messari.

The winning streak for the coin kicked off a few weeks ago as Twitter briefly changed its blue bird logo to a shiba inu, a nod to dogecoin's mascot. On the day Musk's social media platform switched the logo, dogecoin soared around 20%.

When Insider reached out for comment on the matter, Twitter's press email auto-responded with a single poop emoji.

In early April, Musk's lawyers also requested to throw out a $258 billion lawsuit, that claimed the billionaire manipulated dogecoin's price and hiked it over 36,000%. Attorneys for Musk have called these accusations a "fanciful work of fiction," per court filings.

Meanwhile, last week the SpaceX exec offered up 1 million dogecoin, worth roughly $90,000 at its current price, for anyone who can come up with proof that he or his family ever owned an emerald mine. The bounty was in response to media reports that claim his father had a stake in an emerald mine in South Africa when Musk was a child.

Dogecoin's rise in the last month has outperformed major tokens like ethereum and bitcoin, which have jumped over 9% and 17%, respectively.

The rally in digital assets comes amid Ethereum's highly-anticipated network upgrade, which sent the crypto to 11-month highs, as well as hope among market players that the Federal Reserve may soon wind down its aggressive campaign of monetary policy tightening.