I don't know what Elon Musk is going to do with his Doge holdings, but the recent doge price hike depends too much on his words.
A coin manipulated by one person is dangerous for small investors, be careful if you want to invest in Doge.
Personally, I think Elon wants to start a trend ... not just for the sake of making money, he has influence, status, money. He can make money in many different ways. In a sense, he wants people to freely choose a new type of money to make, this is really an opportunity not everyone can trust and grasp. somewhere, the risk of being a trap is not less.