One word in a tweet by Elon Musk was enough to raise the share price of the Dogecoin crypto currency by 25% on Wednesday.


According to, the head of Tesla and SpaceX tweeted at 08:00 US time the word “literally” along with a photo of the dog, a trademark of the crypto currency in astronaut uniform in space.


In fact, the dog was holding a flag that wrote his name and the word “Wow”. Ten minutes later he wrote in a new tweet “to the real moon”. The result was that at 10:17 US time the Dogecoin share rose over 23.11% to +0.0581 dollars.


This is not the first time that Musk has launched the crypto currency, which is why the internet coined the term “Musk Move” to indicate the billionaire’s excessive influence on all crypto currencies.


Dogecoin was originally created as a joke in 2013 on the occasion of a successful meme that was circulating on the internet at the time starring a Shiba Inu dog that resembles the well-known Akita breed.


A few days earlier, Musk encouraged some of the major investors out there, (known as whales) to sell their shares, stating that concentration among a few holders is the “real issue”.