Dogecoin pops 8% after Elon Musk says he'll eat a happy meal on TV if McDonald's accepts the meme coin as payment

• Dogecoin popped 8% on Tuesday after Elon Musk said McDonald's should accept the meme coin.
• "I will eat a happy meal on tv if McDonalds accepts Dogecoin," Musk tweeted.
• On Monday McDonald's interacted with the crypto community over Twitter amid bitcoin's decline.
• $4.

Elon Musk's sway over the price of $4 continues following a Tuesday tweet from the world's richest person.

$4 morning that $4 should accept the meme-crypto token as a form of payment, and if they did he would eat a happy meal on TV.

"I will eat a happy meal on tv if @McDonalds accepts Dogecoin," Musk $4. Right after the tweet, the price of dogecoin surged as much as 8% to $0.1445, according to $4.

The 10th most valuable cryptocurrency, worth about $18.5 billion, has since pared some of its gains.

Musk's $4 accepts dogecoin as a form of payment for $4 and temporarily accepted bitcoin as a form of payment for its vehicles last year.

Musk's tweet comes a day after McDonald's started to interact with the crypto community via Twitter. The fast-food giant $4 "how are you doing people who run crypto twitter accounts" amid $4 on Monday.

Flipping burgers at McDonald's is an often-said joke among the crypto community during periods of downside volatility. Over the weekend, El Salvador president Nayib Bukele $4 a photoshopped picture of him wearing a McDonald's uniform as bitcoin plummeted below $40,000.

In response to a meme tweeted by Binance on Monday, McDonald's $4, "wagmi friend," short for we are gonna make it.