Washington: Elon Musk, the world’s richest person and owner of the micro-blogging site Twitter, on Monday changed the Twitter logo to the cryptocurrency Dogecoin (DOGE). After this, there has been a jump of about 30 percent in Dogecoin in about an hour. Dogecoin price has moved up to $0.1028.
After visiting the social media platform, users are seeing the Dogecoin logo instead of Twitter’s bird logo. However, the Elon Musk-led company had not given any prior information about it. At the same time, no official statement has come from the company regarding this.
At the same time, Elon Musk has shared a meme from his official Twitter account. In he is trying to tell that Twitter’s bird logo is old and Dogecoin’s logo is new.
Many people on social media are calling this incident an April Fool’s prank. The new Twitter logo is expected to be temporary and Twitter may reinstate the original logo at a later date.
It is noteworthy that Elon Musk has been a supporter of Dogecoin for a long time and has promoted the cryptocurrency directly and indirectly on the micro-blogging site. This is not the first time Musk’s actions have affected the sentiment in the crypto market. Ever since Musk’s Twitter acquisition, there has been growing speculation about the role of cryptocurrencies on social media platforms.
