Elon Musk Sends Dogefather Tokens Soaring with Latest X Post
Elon Musk, the visionary CEO of Tesla and SpaceX, has once again set the cryptocurrency world abuzz with his latest post on X (formerly known as Twitter). Known for his influential social media presence and love for meme coins, Musk’s latest mention of the Dogefather has sent a surge of excitement through the crypto community.
The renowned tech mogul shared an image of himself on X, clutching a chainsaw, with the bold text “The Dogefather” prominently displayed in the background. Accompanying the image was the simple caption, “This is a real picture.”
In the realm of cryptocurrency, “Dogefather” is a beloved nickname for Musk, stemming from his affiliation with Dogecoin (DOGE). The moniker gained widespread popularity after Musk famously dubbed himself the “Dogefather” during his appearance on Saturday Night Live in 2021.
In the wake of Musk's post, various tokens bearing the Dogefather name experienced a remarkable surge in value. The Dogefather (DOGEFATHER) token leaped by an impressive 122%, reaching $0.0015 at the time of reporting, marking its highest value since late January 2025.
Not to be outdone, The DogeFather (DOGEFATHER) token also experienced triple-digit growth, skyrocketing by 137% to hit $0.0040 in trading. This surge in prices wasn’t limited to existing tokens - new Dogefather-themed tokens emerged and swiftly climbed in value shortly after their inception, reflecting the fervent enthusiasm in the market.
This isn’t the first instance of Musk's social media activity significantly influencing market trends. Past instances, such as his renaming to “Kekius Maximus” and “Harry Bōlz,” led to substantial gains for associated tokens. Similarly, DOGE witnessed a substantial increase following its logo's prominent display on the US Department of Government Efficiency’s official website in late January.
While Musk's post may have spurred a price rally, it's essential to note that the image itself was digitally altered. Originally taken at the Conservative Political Action Conference in February 2025, the real scene depicted Argentine President Javier Milei gifting Musk an ornate chainsaw as a symbolic gesture to streamline government bureaucracy.
In his role at the Department of Government Efficiency, Musk has been a driving force in reducing government spending and bureaucracy. This gesture, symbolized by the chainsaw, underscores the shared mission of Musk and Milei in promoting efficiency and innovation in government operations.
With Musk's every move capturing the attention of the crypto world, it's evident that the Dogefather's influence extends far beyond just memes and nicknames.