The coin has jumped by around 30% since the social media platform Twitter adopted its logo and its CEO began tweeting about it yesterday.

The run-up in value has drawn attention to a mysterious wallet known as "DH5ya" that once held a staggering $24 billion in dogecoin. In a class action lawsuit filed against Musk in U.S. federal court, investors who have lost money on dogecoin have claimed that DH5ya is Musk's personal wallet.