After Twitter boss Elon Musk officially renamed Twitter to X, he retweeted the news in the early hours of Wednesday (July 26) to show the community a new video of the X trademark. Sharp-eyed netizens discovered that the video came from Dogecoin's graphic designer DogeDesigner. After the news came out, Dogecoin jumped more than 10% at one point, and slightly rebounded to $0.08052 in the Asian market on Wednesday.

Musk's retweet, coupled with the fact that he had previously changed the address on his Twitter profile to XD, seemed to hint at a relationship with Dogecoin (DOGE), thus igniting the enthusiasm of Dogecoin enthusiasts.

According to the CoinMarketCap trading chart, Dogecoin quickly rose from $0.077 to a high of $0.083 at the moment Musk retweeted it, an increase of more than 10%. It still remained above $0.08 in the Asian market on Wednesday.

DogeDesigner's pinned June 8 tweet mentioned: "Over the past few months, I have gained friends and memories that I will cherish forever. From witnessing the first launch of the Starship to seeing our Technoking, I will always be grateful to Musk for so kindly refining the confidence."

"He once said, you are brilliant, powerful words that I will carry with me forever. It really does make a big difference, thank you, Elon Musk."

Judging from the current developments, it is not yet certain whether Musk will introduce Dogecoin into the X social platform, but he reiterated in an interview on Tuesday that he will integrate the global payment system, and users are expected to be able to send and receive funds through X in the future.

But Musk also said that there are certain uncertainties in the implementation of the plan. He explained: "Payment integration may occupy half of the market share of the global financial system, but it can only succeed if everything goes according to plan and is completed correctly."