Elon Musk is a huge crypto proponent, with core holdings including Bitcoin, Ethereum, and Dogecoin. Multiple coins have been created to honor Musk, hoping to receive recognition from the world’s richest person.
Especially considering Musk will now co-head the Department of Government Efficiency, abbreviated to “DOGE”.
This guide explores which Elon Musk crypto coins are worth buying in 2025. Read on to discover undervalued crypto projects based on the Musk narrative.
Consider these projects when investing in the Elon Musk crypto narrative:
Read on to learn more about the Elon Musk crypto coins listed above.
First up is Dogecoin, one of the few coins Elon Musk has openly backed. He’s even called it the “People’s Currency” in a Tweet, which helped send DOGE’s price skyrocketing during its insane 2021 rally. Since then, it’s stayed a fan favorite among meme coin lovers and is even accepted by Tesla for buying merch.
But just because it’s popular doesn’t mean it’s always stable. Dogecoin’s price has had its ups and downs and is currently sitting at a 43% drop from its all-time high. That just goes to show how unpredictable meme coins can be.
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Even though DOGE has made gains this year, a lot of its future depends on social media buzz and whether it becomes part of something bigger, like Musk’s “Super App” plans for X (formerly Twitter). If that happens, it could boost Dogecoin’s utility—but until then, it’s still mostly driven by hype.
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Next we have Dogelon Mars (ELON), a meme coin that launched in April 2021 during Dogecoin’s big rally. This project is pretty much a nod to Elon Musk’s obsession with Mars exploration and has built a solid community around that theme. The Doge-inspired vibe is strong here, with fan-made artwork and memes keeping the community active.
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That said, the ELON token doesn’t have any real utility. It’s purely a meme coin, so its value relies almost entirely on hype. After a brief rally in 2021, the price has been on a downward trend and is currently down over 99% from its all-time high of $0.00003263.
On the plus side, Dogelon Mars still sees decent trading volume and liquidity, with a market cap just under $200 million. It even saw a 55% price bump last month, showing that interest isn’t completely gone. However, a key downside is that only 55% of the ELON supply is currently in circulation, which could make future price movements more unpredictable.
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The Department Of Government Efficiency, or “DOGE,” is Elon Musk’s new Federal agency, which he will co-head with Vivek Ramaswamy. Naturally, a crypto project has also been created to honor the government initiative.
Nonetheless, Department Of Government Efficiency is already a hit in crypto circles, with unprecedented returns of over 58,000% since launching in August 2024. That said, the project’s native token, DOGE, is currently trading 57% below its all-time high of $0.5154.
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The goal of this token is to use blockchain technology to improve transparency in governance. It’s important to note that this project doesn’t have any affiliation with Musk himself nor Ramaswamy.
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Next, we have Shrub. Put simply, this meme coin is dedicated to Musk’s pet hedgehog, which was previously confirmed on X. The Tweet was viewed over 788,000 times, which some argue has provided Shrub with a stamp of approval. This has been reflected in the Shrub price performance.
For example, Shrub has increased by over 6,700% since launching in June 2024. However, due to the inspiration behind this token, it can be risky to invest in it as people might lose interest and move on to another meme coin.
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A plus point is Shrub’s market capitalization of just $73 million. The maximum supply is 1 billion tokens and about 94% is currently in circulation. However, do note that Shrub has just 6,600 followers on X, which is on the low side.
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Kekius Maximus (KEKIUS) is an Ethereum-based meme token that gained a lot of attention after Musk changed his X profile to “Kekius Maximus.” The name of this token is inspired by meme culture. Just like with other meme coins, KEKIUS thrives on community engagement and social media hype. This makes its value highly sensitive to trends and even Musk’s influence.
When it gained some attention, KEKIUS faced a sharp price increase. But, being relied on hype makes this token very risky and prone to major swings.
While Kekius Maximus is designed for people who enjoy meme coins and community-driven projects, its unpredictable nature is something to keep in mind when making any investment decisions.
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Grok (GROK) is a meme token with a twist. It integrates AI to make blockchain tools more useful. It has some interesting features, like Grok GPT, the AI chatbot that helps with crypto questions. It also has Grok Draw for making NFTs based on whatever you describe. These tools give it more purpose than your average meme coin, but at the end of the day, it’s still part of the speculative meme coin crowd.
Meme coins are notorious for being unpredictable, as hype can shoot it up one day and tank it the next. While its AI angle makes it interesting, the value is still mostly tied to market buzz rather than groundbreaking utility.
If you’re into projects that combine memes and actual tech, Grok is worth keeping an eye on. The mix of AI and blockchain is promising, but the volatility means it’s more of a wild ride than a safe bet.
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Elon Musk coins are crypto assets held by or associated with Musk. For example, Musk holds Bitcoin, Ethereum, and Dogecoin in his crypto portfolio. This makes these three assets Elon Musk crypto coins. Additionally, many projects have been inspired by Musk, which is a popular crypto narrative.
This includes Dogelon Mars, which is based on Musk’s passion for space exploration. Similarly, Shrub is dedicated to Musk’s pet hedgehog. Importantly, other than the three aforementioned coins, Musk-inspired projects aren’t endorsed by Elon Musk. As such, the Musk narrative is purely speculative.
Elon Musk crypto coins have been pumping in recent weeks. As per CoinGecko data, the total value of all Musk-inspired coins is currently $62 billion. In the prior seven days alone, the likes of Elons Pet Snail, I love puppies, and DT Inu, have produced gains of over 220%, 122%, and 116%, respectively.
And then there’s the Department of Government Efficiency, which has increased by 58,000% since launching in August 2024. Crucially, Musk-related coins are surging because of Donald Trump’s recent election victory. Musk will play a leading role in Trump’s cabinet, which will be a crypto-friendly government.
Thousands of Elon Musk-inspired coins have been created. We developed a methodology to rank the top projects, which is summarized below:
Many people ask the question – what crypto does Elon Musk own?
As confirmed in an October 2021 Tweet, Musk only owns the following three coins:
Dogecoin has by far received the most attention from Musk. He has repeatedly endorsed Dogecoin, both on X and in the traditional media.
In the beginning of January 2025, Elon briefly changed his name on x to Kekius Maximus and his profile picture to the famous frog Pepe wearing a gladiator armor suit. Many have hinted that this could’ve been his way to show his support to the token KEKIUS.
Crucially, there’s no knowing whether Musk privately holds other crypto coins. And if he does, which projects they’re related to. After all, Musk has previously faced legal issues for his Dogecoin Tweets, so it’s unlikely we’ll see any other coins promoted.
Elon Musk has inspired one of the latest crypto narratives. Many coins associated with Musk have performed well in recent weeks. However, narratives come and go, so it’s important to understand the risks before proceeding. Especially considering most Musk-related projects are meme coins without use cases or utility.
Nonetheless, the positive investment thesis is that Musk will hold a key government position for the next four years. And, considering the Trump administration is pro-crypto, this could bode well for Elon Musk coins. However, there’s no guarantee that the recent price momentum will continue. Therefore, only consider risking amounts you’re comfortable losing.
Another popular crypto narrative is Donald Trump. Just like Musk-related projects, Trump coins have no intrinsic value, as they’re purely speculative.
Even so, some of the best Trump meme coins have produced substantial returns since the election campaign began. Therefore, if you’re wondering which narrative to back, it could be worth gaining exposure to both.
Just make sure the portfolio is well diversified and that you also consider niches with strong utility. For example, you might also add positions in RWA (real-world assets), DePIN (decentralized physical infrastructure network), and AI (artificial intelligence).
The obvious risk of buying Elon Musk crypto coins is that you could lose money.
This could happen if:
Social media – particularly on X, is flooded with crypto scams. One of the latest trends is posts claiming that Musk is running a crypto giveaway, meaning free coins for those participating.
No such giveaway exists. The perpetrators will likely ask participants to reveal their wallet credentials or to part with money. Either way, be sure to report any posts you see to the respective social network.
In summary, we’ve ranked the most popular Elon Musk crypto coins, including Dogecoin, Dogelon Mars, and the Department of Government Efficiency. Each project brings something new to the table, such as Dogecoin’s mainstream meme appeal, Dogelon Mars’ focus on interplanetary themes, or the Department of Government Efficiency’s satirical take on bureaucracy.
If you’re looking for a coin to invest in, the “best” choice really comes down to your goals and risk tolerance. Meme coins can be highly volatile, making them great for short-term gains but risky if you want stability. As with any crypto investment, it’s important to do your research thoroughly, stay informed, and invest wisely based on your financial strategy.
No, Elon Musk hasn’t created any cryptocurrencies. He has, however, invested in Bitcoin, Ethereum, and Dogecoin.
Elon Musk has endorsed Dogecoin on many occasions. He also holds positions in Bitcoin and Ethereum.
While most Elon Musk coins are created with positive intentions, some are outright scams. Independent research is crucial, including analyzing the project’s smart contract and liquidity pool.
Source: cryptonews.com
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