Elon Musk gave Dogecoin (DOGE) another shoutout on Joe Rogan yesterday, rocketing the coin’s price.

DOGE is up 9% in the past day, showing how just a mention can initiate a buying spree.

Meanwhile, crypto analysts are also hyped about Pepe Unchained (PEPU) – with one even predicting it could pump after its presale ends.

Musk’s “DOGE” Comment Accidentally Triggers 9% Price Rally

Dogecoin’s latest price spike proves once again that when Elon Musk speaks, the market listens.

Even if he’s not talking about crypto.

The coin is up significantly after Musk’s appearance on The Joe Rogan Experience, where he discussed plans for a “Department of Government Efficiency” – or DOGE for short.

Interestingly, Musk wasn’t even referencing the OG meme coin.

His DOGE proposal, mentioned in connection with Donald Trump’s presidential campaign, is actually about streamlining government operations and potentially saving trillions in tax spending.

However, for crypto traders, the mere mention of those four letters was enough to trigger a wave of buying demand.

This isn’t the first time Musk’s words have moved markets.

The Tesla CEO’s history of crypto influence dates back years, and even this indirect reference has sent Dogecoin’s price rallying.

It remains to be seen whether it’s just a temporary pump – but Musk’s influence on the crypto market is undeniable.

Election Uncertainty Rocks Meme Coins as Bitcoin ETFs See Huge Outflows

Although DOGE is performing well, the broader meme coin market is sending mixed signals.

DOGE and SHIB have posted gains, but other popular coins are struggling for momentum.

PEPE and BRETT are down slightly – while PONKE has taken the biggest hit with a 13% drop.

So, what’s behind this choppy price action?

All eyes are on today’s election, and due to the uncertainty, the total market cap of meme coins has slipped to $58 billion.

Bitcoin’s current struggle under $69,000 isn’t helping either.

When Bitcoin struggles, meme coins tend to follo