Elon Musk Tweets—and Gives Crypto Markets Growing Pains

Last week, when Elon Musk tweeted that he had spoken with the team of Doge developers about how to make the coin more efficient, the impact was predictable: It sent the price of Dogecoin to the moon. It was just the latest in a series of Musk declarations that has sent the viral coin on a roller coaster over the past few weeks.

And yet it caught Doge’s core development team by surprise, says Michi Lumin, a Colorado-based developer who helps maintain the cryptocurrency. Yes, the Tesla and SpaceX billionaire has been “spitballing ideas” with the team for some time, Lumin says, including about how to make Dogecoin more efficient. They welcomed his input. But he says the intense spotlight from Musk’s recent string of Doge-boosting and Bitcoin-bashing tweets has been a little stressful, inviting scorn from critics who see Doge as merely…