# Dogecoin jumps 15% to 5th spot after Elon Musk tweet, other memecoins

**Published:** 2026-07-13T21:18:44.650Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3e1a495c-fab1-4452-8be9-002a3a41bca6

Dogecoin surged 15% on June 3, hitting 5th place in market rankings after an Elon Musk tweet; Bitcoin rebounded and Shiba Inu hit a record high as crypto

Dogecoin surged 15% on June 3, climbing to the fifth‑largest cryptocurrency by market cap after a tweet from Elon Musk sparked fresh buying interest [1].

| At a glance | |
|---|---|
| Price move | +15% (June 3) |
| 24‑hour change | +14% at 11:25 am [1] |
| Market rank | 5th largest crypto |
| Catalyst | Elon Musk tweet on Tuesday [1] |

## What drove the move
The price jump followed a direct tweet from SpaceX CEO Elon Musk, which Reuters linked to the spike [1]. Musk’s past endorsements have repeatedly moved Dogecoin’s price, and the latest message reignited retail enthusiasm, pushing the token up more than 14% by mid‑morning. The same day, Shiba Inu surged to a new record high, and the Economic Times noted that four of the top‑10 coins were trading higher, with Dogecoin “zooming 8%” after the tweet [2].

## The broader market picture
While Dogecoin and other memecoins rallied, Bitcoin dipped briefly before rebounding, indicating “relatively strong buying pressure” among investors, according to the CoinDCX Research Team [2]. The overall crypto market cap rose to $2.58 trillion, and total market volume jumped 26% to $99.67 billion, underscoring heightened activity across the sector [2].

## What to watch
- **Dogecoin price levels**: Watch for resistance around the $0.08 mark, a level that has historically capped short‑term rallies.
- **Upcoming token unlocks**: Large‑holder (whale) movements could affect price stability; monitor any scheduled releases of Dogecoin holdings.
- **Regulatory signals**: Any U.S. SEC or CFTC guidance on meme tokens could shift market sentiment quickly.

The surge highlights how a single high‑profile tweet can still trigger sizable short‑term price swings in meme‑driven assets, while broader market momentum remains buoyed by strong trading volumes and a rebound in Bitcoin. Whether the rally sustains will depend on further catalyst activity and on‑chain dynamics.

## Sources
1. Zee Business — [Dogecoin soars 15%, captures 5th position: Elon Musk FACTOR? Polka Dot, Shiba Inu gain big too—Check how Bitcoin, Ethereum and other top coins performed TODAY](https://www.zeebiz.com/personal-finance/news-dogecoin-soars-15-captures-5th-position-elon-musk-factor-polka-dot-shiba-inu-gain-big-too-check-how-bitcoin-ethereum-and-other-top-coins-performed-today-157875)
2. Economictimes — [Top cryptocurrency prices today: Dogecoin, Solana zoom 8%; Shiba Inu in top 15 list - The Economic Times](https://economictimes.indiatimes.com/markets/cryptocurrency/top-cryptocurrency-prices-today-dogecoin-solana-zoom-8-shiba-inu-in-top-15-list/articleshow/87251693.cms)
3. Forbes — [Dogecoin (DOGE) Price Today, News & Live Chart | Forbes Crypto Market Data](https://www.forbes.com/digital-assets/assets/dogecoin-doge/)
4. Timesofindia — [Dogecoin Price: Dogecoin cryptocurrency news, Dogecoin price chart and latest info on Dogecoin](https://timesofindia.indiatimes.com/business/cryptocurrency/dogecoin)
5. Etoro — [Live Dogecoin Price, Charts & News. Buy DOGE on eToro](https://www.etoro.com/markets/doge)

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Cite as: TrendWatcher, "Dogecoin jumps 15% to 5th spot after Elon Musk tweet, other memecoins", https://www.trendwatcher.in/article/3e1a495c-fab1-4452-8be9-002a3a41bca6