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He referred to the "former CEO" as Tesla CEO Elon Musk. "Dogecoin is probably my favorite cryptocurrencies," Musk said in a tweet last April. He later changed his profile to Dogecoin CEO and immediately to Dogecoin's "former" CEO.

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With the help of Reddit, the site immediately went on fire. But in two weeks, Dogecoin has a dedicated blog and forum with a market capitalisation of $8m, at one point rising to become the world's seventh-largest electronic currency.