Elon Musk Makes Waves on Crypto Twitter, Helps Send Aptos (APT) and Dogecoin (DOGE) in Demonstrations

Tech billionaire Elon Musk is once again making waves on Twitter crypto, highlighting two digital assets and putting them on a rally. The Twitter CEO published a comment referencing the Aptos layer-1 protocol (APT) on the screen of a since-deleted tweet recorded by CoinGecko, sending the price of competitor Ethereum (ETH) soaring.

Musk’s quick tweet, which just said “AI APT OTT”, rocketed the proof-of-stake protocol from a 24-hour low of $12.27 to $13.40, a jump of 9.2% in just a few hours. However, the coin later withdrew and is currently trading at $12.33.

Musk also responded to a meme produced by graphic artist Dogecoin (DOGE) that depicts the CEO wearing a hard hat and appearing to be working in a mine. DOGE’s developers address reports that Musk previously owned an emerald mine in the post, giving the media a run for its money on DOGE if they can get hold of evidence of the mine’s existence.

“Elon Musk has never owned an emerald mine.”

Open offer of 69,420 DOGE for all media spreading misleading information. Send me confirmation of his whereabouts, and I’ll give you your DOGE. “Musk himself said he would pay a lot more in DOGE for mine proof.” I’d pay a million Dogecoins for proof of the existence of this mine!

The tweet caused Dogecoin to temporarily rise from $0.0868 to $0.0912, an increase of 5%. DOGE, on the other hand, subsequently pulled back and is now trading at $0.0869 at the time of writing.