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Musk's Viral AI 'Dogefather' Video Fails to Lift Dogecoin

Despite huge engagement, weak momentum blunted the usual Musk effect on Dogecoin.

Overview

  • Elon Musk reshared an AI-made Dogecoin parody of The Godfather on March 19 from the Sir Doge of the Coin account, featuring an AI avatar calling himself the Dogefather.
  • The post drew heavy traction on X with more than 18.4 million views, roughly 64,000 likes, and over 6,800 retweets at the time of reporting.
  • Doge traded near $0.093 after the post and later slipped to about $0.0918, reflecting a modest decline rather than a rally.
  • Technical gauges cited by analysts, including MACD and RSI, point to a possible extension of DOGE’s downtrend as risk appetite softens.
  • One analyst projected a path to $2 as an opinionated long-term view, contrasting with the coin’s muted response despite Musk’s past price-moving posts and stunts.