Popular dog-themed meme coin, Dogecoin DOGE/USD ticked upwards Monday overnight after one of its biggest endorsers, Tesla CEO Elon Musk, posted an AI-generated image referencing the cryptocurrency.

Elon Musk's favorite cryptocurrency, Dogecoin DOGE/USD, became one of the biggest market gainers in the last 24 hours, most likely due to his social media activity. What happened: The biggest meme ...

Elon Musk posted an image of dogs with coins on X. However, it didn't lead to a price rally for meme coins unlike earlier times. Musk is well known for his enthusiasm for meme coins such as Dogecoin.