Dogecoin rallies 30% after Twitter logo changes to DOGE Dogecoin rallies 30% after Twitter logo changes to DOGE
A visit to the social media platform would show the users the Dogecoin's logo instead of Twitter's bird mascot.
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Updated: Apr. 3, 2023 at 7:17 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Dogecoin (DOGE) rallied roughly 30% on the 1-hour candle to $0.09796 after Twitter’s website logo changed to the meme coin.
A visit to the social media platform would show the users the meme coin’s logo instead of Twitter’s bird logo.
The Elon Musk-led company gave no prior notice about its actions, catching the community unaware.
Meanwhile, this is not the first time Musk’s action has swayed market sentiments. Since Musk’s Twitter acquisition, there have been growing speculations about the cryptocurrency’s role on the social media platform.
Musk is also facing a $258 billion racketeering lawsuit related to his tweets and mentions of the meme coin.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
X
X (formerly Twitter) is an American social media company based in San Francisco, California, that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.