Some of coins promoted by Elon Musk on Twitter have increased drastically, including Doge and Shiba Inu. I don't know why Elon's tweet dramatically affects the price of these coins. A coin like Doge, which is not a utility coin, can go up like now. Even some Bsc tokens use his name, Elon, hoping that their token price will also increase.
I didn’t know he touted Shiba too. I invest a little in that. 100% speculative gamble of course but just having him connect to a coin is off putting.