The popular meme coin Dogecoin has jumped more than 12% in the past hour following reports that Twitter is expected to reach a deal with Tesla and SpaceX CEO Elon Musk on Monday.

Musk is a well-known Dogecoin pumper, having used the social media platform to shill the canine cryptocurrency on several occasions.

A recent filing on April 21, showed that Musk had earmarked $46.5 billion to acquire Twitter. A report from Reuters now indicates Twitter is expected to sell the company for $43 billion in cash, an offer the Tesla chief said was his “best and final.”

Though the deal could yet collapse, sources close to the matter suggest that the deal could be completed as soon as today.

This story is breaking and will be updated with more information shortly. 

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