On April 3, the world’s hottest social media platform, Twitter, altered its profile picture to mirror the picture of a well-liked meme token, Dogecoin (DOGE). Only two days earlier, the 51-year-old CEO of Twitter and Tesla, sought a U.S. decide to quash the $258 billion lawsuit filed by traders accusing the execution of a pyramid scheme to advertise Dogecoin. The traders alleged that Musk fueled the value of DOGE by means of using a Ponzi scheme.
What Made Twitter Change Its Logo?
While the crypto group is startled over the sudden Twitter transfer, Elon Musk tweeted a display screen seize of a Twitter thread the place he was seen conversing with the WSB Chairman, a famous inventory dealer. The dialog dates again to the pre-Twitter buyout deal the place he inquired concerning the necessity of a brand new micro-blogging platform that might compete with Twitter as a substitute. In response, WSB remarked to “just buy twitter” and prompt altering the hen brand to a Dogecoin as a substitute. Following at this time’s newest growth, Musk captioned his tweet with the phrase “as promised”.
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Another group of speculators believes it to be certainly one of Musk’s dire makes an attempt of enjoying the April idiot’s prank — albeit delayed. However, few additionally imagine it to be a particularly well-thought and good transfer by the tech mogul, provided that Twitter was flooded with jokes and pranks of all sizes throughout industries on April 1. It’s suspected that Musk intentionally executed the prank late so as to take his thousands and thousands of Twitter customers without warning.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
DOGE Price Rallies On Twitter Logo Change
As a direct consequence of this, the worth of Dogecoin’s native token, DOGE, surged by roughly 25% because it virtually breached the coveted $0.1 value mark. In addition, the memecoin overtook Polygon (MATIC) in market cap to clinch the eighth place on CoinGape’s crypto market tracker. However, on the time of writing, the price of DOGE skilled slight exhaustion because it dropped by 5.56% and is at present exchanging fingers at $0.091.
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