By
Steve Muchoki
April 24th, 2024
Elon Musk and Dogecoin co-founder Billy Markus were engaged in a Twitter banter over who would become the next CEO of the meme coin.
Elon Musk, responded on Twitter to a recent tweet by Dogecoin co-founder Billy Markus, on who would be the next CEO of the meme crypto. The Tesla CEO seemingly responded with gusto at the possibility of filling that position – albeit in a fake capacity. Musk even took the banter one step further by suggesting that his Shiba Inu dog would also make a great Dogecoin CEO. His tweet read, “How about my lil doge Floki? He would make a great CEO!”
Me!
— Elon Musk (@elonmusk) November 2, 2021
Markus, also seemed to be in on the joke and instead chose to ‘declare’ the dog featured on the original Dogecoin meme, Kabosu, as the new fake CEO. He also posted a lighthearted message on Twitter in reference to Kabosu, who just recently turned 16 years old, which read:
“The new fake CEO of dogecoin is…! One who has embodied dogecoin before it was even in existence. They are the most qualified for the position. It is unquestionable. The goodest doge of all, the face of the coin, who has inspired millions to Do Only Good Everyday.”
Still, in the spirit of lightheartedness, Markus suggested that Musk would serve as fake Chairman of the board, while Floki should be president. In response, Musk posted a smiling face emoji.
Elon Musk Has a History with Dogecoin
Back in April 2019, Musk was appointed CEO of the Dogecoin community to mark April Fool’s Day. The current world’s richest man won a Twitter poll that also featured a few digital currency prime movers. They included Ethereum co-founder Vitalik Buterin, Litecoin creator Charlie Lee, and Metal CEO Marshall Hayner. There was such an April Fool’s joke statement.
We have listened to your concerns. We have decided that Dogecoin does need a CEO. Someone who can lead us into the future while maintaining the core values of what we are.
Below are the candidates, vote wisely.@VitalikButerin @SatoshiLite @elonmusk @MarshallHayner
— Dogecoin (@dogecoin) April 1, 2019
This prank turned out to be the precursor for Dogecoin’s monstrous rally in early 2021. The digital currency skyrocketed to the summit of the crypto charts – essentially attaining meme status in the process. In fact, in early May, Dogecoin’s market cap was at a whopping $90 billion. Furthermore, Musk weighed in on the trend, suggesting the irony in a joke coin becoming a viable currency. Musk has often been termed a Dogecoin bull and even earlier stated that he was working with the crypto’s developers. However, the billionaire insists that he is not the project’s CEO and does not wield as much hands-on influence.
The Rise of Kabosu
In September, the original Dogecoin meme featuring Kabosu became a non-fungible token (NFT). Furthermore, this asset surged in value after being fractionalized into 16.9 billion $DOG ERC-20 tokens. In addition, earlier in the year, another piece of digital art featuring Kabosu, dubbed the ‘Feisty Doge NFT,’ became the world’s most valuable NFT at $110 million.
As of press time, Dogecoin (DOGE) is changing hands at $0.2739.