A tweet from Musk on Thursday caused the price of a new cryptocurrency called "puppy coin" (Baby Doge) to more than double.
Musk's tweet read: "Baby Doge, doo, doo..." Apparently imitating the lyrics of the famous children's song "Shark Baby" (Baby Shark).
After he tweeted, # babydoge# quickly became TwitterA hot topic on the. The price of the dog coin derivatives has risen 228% in the past 24 hours.
A description on the cryptocurrency website CoinMarketCap said: "Baby Doge tried to impress his father by showing his newly improved trading speed and cuteness."