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Dogecoin, baby doge coin prices spike after Elon Musk tweets 'release the doge'

Dogecoin trading activity spiked on Thursday morning as Elon Musk once again pushed the cryptocurrency on his Twitter account.

The Tesla and SpaceX CEO tweeted “Release the Doge!” at 4:43 a.m. ET at the exact same time as the token was experiencing a small price spike.

It is unclear if Musk caused the spike or if his tweet was simply a response to it.