Elon Musk has indicated an interest in joining a Dogecoin community space close to Christmas, per a tweet from the billionaire yesterday.
It came after Sir Doge of the Coin (@dogeofficialceo) requested the billionaire’s presence on a Twitter space with the DOGE community to discuss memes and chat directly with the community. “Nothing serious, purely fun,” Sir Doge of the Coin said, describing what the Twitter space would be like.
Musk, who has previously dubbed himself the DogeFather, in response, highlighting that things are “intense right now,” expressed the belief that he could have a more favorable response closer to Christmas.
“Things are rather intense right now, but maybe closer to Christmas,” Musk tweeted.
Things are rather intense right now, but maybe closer to Christmas
— Elon Musk (@elonmusk) December 16, 2022
Unsurprisingly, the Dogecoin community is excited, with many sending the word out. For example, DOGE influencer Matt Wallace, who bet his YouTube channel on DOGE going to $1 in 2022, sent the word out to his over 779k followers minutes after Musk tweeted.
Elon Musk Just Announced His Intention To Do A Spaces With The #Dogecoin Community Closer To Christmas!
— Matt Wallace (@MattWallace888) December 16, 2022
Uncharacteristically, the announcement has done little to prop up the price of the doggy meme coin. It is worth noting that the meme coin usually has a favorable price reaction whenever the Twitter chief mentions it. Sometimes the price reacts even when he does not mention it due to speculation from the community. For example, in late November, when Musk hinted at creating an “alternative phone” if left with no choice, DOGE rallied by 6.7% as DOGE holders expected to see a form of DOGE integration should that be the case.
Like the rest of the crypto market, the doggy meme coin is currently printing losses. At press time, DOGE is trading at the $0.07756 price point, down 9.88% in the last 24 hours and nearly 20% in the past week as it sheds gains made during Musk’s acquisition of Twitter.
However, with the possibility of Musk making an appearance on a DOGE Twitter space, it would not be surprising to see the price of the meme coin make one more bullish rally before the year ends.