YEREVAN (CoinChapter.com) — Elon Musk is back in the news. And as usual, Dogecoin (DOGE) price is rallying. Investors of the canine-theme meme token are reaping the benefits of the Tesla CEO’s recent jab at advertisers.
Musk tells advertisers “Go F**k Yourself”
Taking the stage during The New York Times’ DealBook Summit on November 2023, the Tesla CEO turned the heat on companies that have boycotted advertising on X (formerly Twitter). In a speech that came out as half apologetic, half-aggressive, he told advertisers, who have boycotted his social media platform over its anti-Semitic content, “go f**k yourself.”
Journalist Andrew Ross Sorkin, who interviewed Musk during the event, was the one to open a can of worms. Asking him about the issue, he enquired if X can survive if more companies decide not to advertise on the platform.
“I hope they stop. Don’t advertise. If somebody is going to try to blackmail me with advertising, blackmail me with money, go f**k yourself. Go f**k yourself. Is that clear? I hope it is,”
he said.
Amid all the laughter coming from the audience, the self-acclaimed Dogefather went ahead to single out Bob Iger. The Disney CEO, who took the stage earlier in the day, said he does not want Disney to be affiliated with Musk.
He then went on to say these companies will be responsible if their boycott kills the company.
Musk has recently come under pressure from the Anti-Defamation League (ADL) for the platform’s tolerant stance on racism. The US-based Jewish organization leads efforts aimed at combatting antisemitism. Musk has since blamed them for the fallout with major advertisers.
Earlier this month, Billionaire Mark Cuban slammed Musk’s platform, calling it a useless place to run ads.
Elon Musk Dogecoin pump send DOGE on 3% rally
Following Musk’s remarks at the DealBook Summit, his favorite token, the Dogecoin (DOGE), showed a modest rally.
According to TradingView charts, DOGE price jumped around 3%, going from $0.0804932 to $0.0827688.
This is a relatively small jump, compared to the usual highs the token goes after getting support from Musk. However, it helps make up for the nearly 20% losses the token suffered earlier this month.
After reaching a price of $0.0874819 on Nov. 16, the DOGE price tanked to $0.0708745 on Nov. 21.
Meanwhile, Musk’s support for Dogecoin has not dwindled. Although he has stopped tweeting about DOGE for several reasons, fans of the token hope he continues to believe in its potential.
During his Time 2021 Person Of The Year interview, Elon Musk said he believes the meme token is fundamentally better for transactions than Bitcoin (BTC).
Major Dogecoin investors will be thanking the Tesla CEO for yet another rally. If he starts tweeting about the meme token, its price could rise closer to its all-time high of $0.7376 from May 8, 2021.
Meanwhile, his newfound populist strategy to combat liberal pressure may eventually bring in capital from right-wingers to X.
