Following Elon Musk’s acquisition of Twitter for $44 billion, digital currency markets jumped in value and crypto meme tokens saw a significant spike. 24-hour statistics at 4 p.m. (ET) on Monday had shown dogecoin (DOGE) jumped 26.3% in value against the U.S. dollar.
Dogecoin (DOGE) is still up 18.8% today and is hovering just above the $0.15 zone. Many believe the rise is based on mere speculation that Musk could possibly implement dogecoin payments into some of Twitters operations.
DOGE/USD on April 25, 2022 at 9:00 p.m. (EST).
While dogecoin jumped in value against the dollar, a number of other popular meme coin assets followed DOGEs lead on Monday. Shiba inu (SHIB) jumped 1.7% and dogelon mars (ELON) rose 13% higher against the USD during the last 24 hours.
ELON/USD on April 25, 2022 at 9:00 p.m. (EST).
While DOGE, ELON, and SHIB all saw percentage gains, the fourth largest meme coin asset baby doge coin (BABYDOGE) is still down 0.8% at the time of writing. Floki inu (FLOKI) on the other hand, jumped 2.1% higher against the U.S. dollar during the last 24 hours.
SHIB/USD on April 25, 2022 at 9:00 p.m. (EST).
Other notable meme token increases came from coins like kishu inu, samoyedcoin, catecoin, the doge NFT shards, and hoge finance. Litedoge (LDOGE) spiked 162.6% higher and vitoge (VITOGE) saw a 98.8% gain on Monday.
Jejudoge, dogefi, hotdoge, and shih tzu, all saw double-digit gains during the last day as well. Additionally, during the past 24 hours, dogecoin (DOGE) has seen $4.54 billion in global trade volume, while SHIB has seen $1.25 billion today.