Dogecoin surges as Elon Musk reignites McDonald's rumors

To the delight of Dogecoin fans, Tesla CEO Elon Musk has added more grist to the McDonald’s rumor mill by tweeting the sweat droplets emoji at the official account of the fast-food giant.

The billionaire’s reply came shortly after McDonald’s started teasing its followers with an announcement that appears to be slated for Feb. 13.

Trader Cantering Clark saw the recent interaction between McDonald’s and Musk as a potentially bullish catalyst for Dogecoin, claiming that he went long on the popular meme coin.

Dogecoin has rallied almost 9%, outperforming other major cryptocurrencies as Bitcoin continues to display anemic price action.

McDonald’s, which has been an inspiration for crypto-related memes, nudged Tesla to accept Grimacecoin, a made-up cryptocurrency, in return.

Many thought that the cheesy joke was the end of Musk’s push to make McDonald’s embrace Dogecoin, but the most recent Twitter exchange might indicate that there is more to come.

Some Dogecoiners are also speculating that the canine cryptocurrency could make an appearance, but co-founder Billy Markus is urging them not to become “pitchforky” if this doesn’t happen.