Dogecoin's price jumped over 30% after Elon Musk tweeted a photo related to Dogecoin

Other meme coins such as BabyDoge, WoofWork ($WOOF) and FLOKI also saw a price increase.

Some investors accuse Elon Musk of manipulating the price of Dogecoin.

Musk is also accused of running a pyramid scheme for supporting Dogecoin.

Whenever Elon Musk tweets about Dogecoin, the price of the coin quickly rises.