After Twitter’s blue bird emblem was altered on the website for some users to the famous image of a Shiba Inu dog, the value of Dogecoin skyrocketed by more than 17 percent on Monday.
After Twitter’s blue avian emblem was altered on the website for some users to the famous image of a Shiba Inu dog, the value of Dogecoin skyrocketed by more than 27 percent on Monday.
Crypto Twitter was a flurry with speculation about what the proprietor and CEO of the company, Elon Musk, might be up to.
Because “no one knows how the site works anymore,” one Twitter user speculated that the appearance of Doge on the social media platform was “for some reason” an elaborate April Fools’ Day prank.
Musk remained silent at first, but ultimately he published a message in which he referred to earlier tweets in which he made jokes about altering the company insignia.
According to CoinGecko, the value of DOGE had increased by more than 27 percent by the time 3:45 p.m. EDT rolled around, reaching above $0.10 before Musk broke his silence regarding the design change. The last time prices were this high was approximately four months ago.
