- Dogecoin (CRYPTO: DOGE) is seeing a sharp spike early Thursday, according to data from Benzinga Pro.
- The meme cryptocurrency traded 4% higher at $0.1437 at the time of writing. The surge came as Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk proposed buying all shares in Twitter Inc . (NYSE: NYSE:TWTR) he already doesn't own and said the company needed to be taken private to ensure necessary changes are made.
- Musk is a major proponent of Dogecoin and recently featured the meme coin at the Tesla Cyber Rodeo event at the Giga Texas site.
- Dogecoin has often spiked on news related to Musk but few of these have sustained beyond minutes.
Read at Benzinga