The dogecoin price has surged higher over the last month, climbing around 30% after getting a boost when Musk revealed his Twitter stake as dogecoin backers bet Musk could integrate the tongue-in-cheek cryptocurrency into Twitter.
Last year, the dogecoin price rocketed to an all-time high of over 70 cents, up from a mere fraction of a cent just a few months earlier, largely fueled by Musk and other high-profile investors and influencers.
It’s not the first time that Musk has experimented with dogecoin payments.