Indeed, crypto-related posts on Twitter (NYSE: TWTR) that were shared most frequently and had the highest number of engagements over the past two years were tweeted by Elon Musk, the crypto market social intelligence platform LunarCrush said on October 11. According to the platform, these tweets are mostly related to Bitcoin (BTC) and meme token Dogecoin (DOGE), including the post from March 24, 2021, in which he announced that people could buy a Tesla car with Bitcoin.
Next viral tweet?
As the next potentially viral Elon Musk post on Twitter, the platform suggested that it might be his tweet relating to his first perfume called “Burnt Hair”, for which he tweeted it can be purchased with Dogecoin: Notably, the perfume, which costs $100, can also be purchased with other crypto assets, including Bitcoin and Shiba Inu (SHIB), thanks to the collaboration with BitPay payment processor. Previously, Musk’s tweets mentioning Dogecoin have sent the decentralized finance (DeFi) token’s price soaring, but at press time, his tweet about the perfume supporting payments in DOGE hasn’t yet made any significant impact on its price. As it happens, the dog meme coin is trading at $0.06, down 1.07% on the day, as well as 6.23% across the previous week, according to CoinMarketCap data.
Musk’s interest in Twitter
Meanwhile, Elon Musk’s second attempt at buying Twitter was followed by a spike in DOGE whale activity, recording 85 whale transactions involving at least $100,000 as of October 4 and driving the price of the token up by 9%. This happened after Musk reportedly confirmed he might, in fact, be moving forward with finalizing the deal to purchase the social media platform, sending Twitter stocks up 22.24%, as Finbold reported. As a reminder, the original deal, which was jeopardized by controversy regarding the spam accounts on the platform, suggested that Twitter would be purchased at the price of $54.20 a share, making the deal worth $44 billion.
