Benzinga | Sep 4, 2021 02:19PM EDT

Dogecoin's Wife 'Wifedoge' Grew More Than 3,000% In Market Capitalization, And Elon Musk Is A Fan

Last week the Wifedoge cryptocurrency, the wife of Dogecoin (CRYPTO: DOGE), exceeded a market capitalization of 2.32 million dollars, more than 3,000% in market capitalization in just one day.

* However, on Sept 2, its capitalization plummeted to $301,406.

* According to Entrepreneur, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is now attracted to Wifedoge.

* In July Wifedoge announced in a tweet that they would reserve 5% of the Wifedoge units for Musk.

* "We will give them to you at the right time; otherwise 5% of the tokens will be forever blocked," reads a tweet from the Wifecoin account.

* On Friday, Musk tweeted, "Time is the ultimate currency," leaving many people to wonder whether he is indicating that Doge is notthe ultimate currency.

* Wifedoge has a total supply of 747 quadrillions, and it features Safe Auto-farming and Locked Liquidity.

* The majority of the LP tokens are locked, and some automatically burn 2% at every transaction.

(Photo : Screenshot from Twitter post of @wifedoge)