Doge and Floki Go Woof! Twitter Payment Rumors Send Prices Skyrocketing

Meme coins were all the rage this weekend as Dogecoin and Floki Inu saw their prices jump a whopping 12%! Sparking the frenzy was a mysterious social media account called @xpayments, who hinted at Dogecoin payment integration on a certain unnamed social app (could it be X? ). This, coupled with Elon Musk's past flirtations with crypto payments, fueled speculation and sent traders scrambling to buy.

Over the past few days, Dogecoin trading volume surged by a staggering 200%, reaching a fever pitch of $430 million in futures bets. It seems like every whisper of Dogecoin finding a new home, like potentially advertising on Twitter, sends DOGE enthusiasts into a buying frenzy. Floki, Musk's dog's crypto namesake, also rode the wave, fueled by the Dogecoin hype and its own dedicated community.

Adding fuel to the fire, X itself confirmed plans to launch peer-to-peer payments this year, with a potential nod towards cryptocurrencies. While there's no official confirmation about Dogecoin joining the party, Musk has previously teased its use for Twitter Blue subscriptions, and Tesla already accepts DOGE for merchandise purchases.

So, is this just another pump-and-dump fueled by rumors, or is there real substance behind the speculation? Only time will tell, but one thing's for sure: the mere mention of Elon Musk and Dogecoin together is enough to send the crypto world into a tizzy.