The news has given a big boost to the price of DOGE.

CZ explained:

“This one is an exception, as there isn’t much new tech development (I guess it was never about the tech for this one). The users/community is large, and a famous “ex-CEO” (cough @elonmusk) helps!”

Back in April Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” And also briefly changed his Twitter bio to “CEO of Dogecoin.”

Crowd reactions polarized:

And here's a small gallery of funniest DOGE's product - memes:

Cheers! 😊