That is the problem I have with Elon as to me it seems like he is playing around with Doge. Last week he removed Doge from his BIO on twitter and replaced it with Bitcoin and now he has removed Bitcoin from his BIO and starts tweeting about Doge. Its not good for crypto as like you said there are many getting rekt with these Doge pumps and most would be newbies coming in and listening to his tweets.
I don't think so, and most people who have listened to elon for a while now actually made decent profits with doge.
He IS consistent, doge isn't a one time thing for him, he is loyal to it.
What this is about:
Elon Musk has been playing around with his "meme god" status for a while now.
He even hosted Pewdiepie's meme review a while ago, and has been actively spreading countless memes. (Like no other VIP has)
That he would chose DOGE of all coins to have a little fun with is unsurprising.
this is what Elon gets back from all this, it's not about money for him, lmao.