A history of Elon Musk's love affair with Dogecoin, from a crypto-themed SpaceX mission to the moon to a Twitter spat with one of its creators

Grace KayJul 3, 2022, 18:34 IST

Associated Press

Elon Musk has promoted Dogecoin on Twitter since 2019 and has helped developers on the platform.
During the GameStop rally, the billionaire helped send Dogecoin from less than 1 cent to 69 cents.

The richest man in the world doesn't usually take himself too seriously.

Elon Musk attends the 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 2, in New York City.Theo Wargo/WireImage

The cryptocurrency is the byproduct of a joke between two engineers in 2013.

The Doge meme.Zora

Reddit helped Dogecoin develop its own subculture in 2013, but Musk didn't publicly take note until 2019.

STR/NurPhoto via Getty Images

The cryptocurrency has long contributed to a culture that distinguishes itself by a sort of irreverence for institutions like Wall Street.

Elon Musk in a dinner suit at the Met Gala 2022.NDZ/Star Max / Contributor via Getty

Musk first tweeted about Dogecoin in 2019.

DogecoinNurPhoto

It's unclear how much Dogecoin Musk owns personally. But, some have speculated he could be the Dogecoin whale who famously holds over 36 billion coins.

Lisa Han/Insider

Dogecoin didn't really take off until 2021 when it followed GameStop's rally.

Marianne Ayala/Insider

Musk helped lead the charge to send Dogecoin "to the moon."

Cryptooof

Musk mentioned Dogecoin on SNL, but it sent the coin lower.

Musical guest Miley Cyrus, host Elon Musk, and Cecily Strong shoot a promo in Studio 8H on May 6, 2021Rosalind O'Connor/NBC/NBCU Photo Bank via Getty Images

Musk promised to send Dogecoin to the moon, literally.

Tesla and SpaceX CEO Elon MuskSteve Nesius/Reuters

Earlier this year, Tesla began accepting Dogecoin as payment for merchandise.

Tesla Model X.Contributor/VCG/Getty Images

Musk gave his Twitter followers some advice: Don't sell.

Elon Musk says he is a free speech absolutist.Jae C. Hong/AP

Musk's relationship with Dogecoin hasn't always been smooth sailing. In May, one of the meme coin's creators took aim at the billionaire.

Elon Musk on March 9.Photo by Yasin Ozturk/Anadolu Agency via Getty Images

Musk fired back at Palmer.

Elon Musk.Andrew Kelly/Reuters

But, Musk appears to have a close relationship with Markus on Twitter.

Elon Musk tweeted that the deal was on hold Friday.Picture Alliance/Getty Images

Musk has continued to promote Dogecoin even as crypto has plummeted.

Yuichiro Chino

The billionaire was sued for $258 billion over an alleged Dogecoin "pyramid scheme."

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