Have you ever wondered how much ripple a few tweets from one person can cause in the crypto market? After recently looking back at Elon Musk’s crypto-related tweet history over the years, I realized just how absurd the market impact can be from those seemingly casual, short posts.

The X platform (everyone still tends to call it Twitter) has long become the most important information source for the crypto community. Bitcoin and Ethereum gaining mainstream attention owes a lot to this platform. Every day, crypto terminology floods the feed, and Spaces has also become a key forum for discussing the industry’s values. But what can truly jolt the market in an instant is often the statements from a handful of big accounts—and Musk is undoubtedly the most influential among them.

Remember that famous “One word: Doge” tweet from December 2020? Just three words, and Dogecoin doubled in the days that followed, rising from $0.004. That run ultimately pushed the price to $0.73, meaning that people who entered at the time made $184 for every $1 invested. Even though DOGE has fallen quite a bit from its all-time high, it remains one of the cryptocurrencies with the highest market caps in the world.

In January 2021, Musk quietly added #bitcoin to his personal bio. Once the Bitcoin community noticed, the market reacted—BTC surged from $32,000 to $38,000 in an instant, with nearly a 20% rise completed within a few hours. Volatility at this level is now rare.

But Musk’s tweets don’t always turn out to be good news. In May, he announced that Tesla would no longer accept Bitcoin payments, citing concerns about energy consumption and carbon emissions. As a result, BTC fell straight from $58,000 to $47,000, a 19% drop that startled the market. This also shows just how sensitive the crypto market is to information like this.

The most interesting part, though, is the stretch in early 2021. He posted several tweets about Dogecoin in succession—“Dogecoin is the people’s crypto”、 “No highs, no lows, only Doge”、 “Bought some Dogecoin for lil X, so he can be a toddler hodler”—and these tweets appeared densely over four weeks, with each one pushing DOGE higher. Even the one saying “No highs, no lows, only Doge” triggered a 50% rally on its own.

Even crazier was a Musk tweet about Shiba Inu: “I’m getting a Shiba Inu #resistanceisfutile”. With just five words plus a hashtag, SHIB saw its gains triple. This project was originally a meme coin spun off from Dogecoin’s hype, and now its market cap has already surpassed that of many long-established companies.

Later, he also mentioned that Tesla would accept Doge payments. This tweet sparked another 43% rally again in December 2021. Two months after that, Mark Cuban also tweeted in favor of DOGE’s low transaction fees, bringing a further 78% surge.

Of course, there’s no everlasting feast. DOGE is down 82% from its historical high in May 2021, and this bull run hasn’t managed to lift it back up. Ironically, a group of investors even sued Musk in the name of alleging he manipulated Dogecoin in a pyramid scheme, citing the market influence of his tweets, and are seeking $25.8 billion in damages. The case is still ongoing.

So what does this history show? In the crypto market, the chain reaction that a single tweet from an influential figure can set off goes far deeper than most people imagine. Right now, BTC is at $81.87K, DOGE is at $0.11, and SHIB is still moving around. Sometimes, looking back at these historic elon musk crypto tweet moments helps you better understand why everyone is so focused on every move big accounts make.