Due to the change, Dogecoin’s price dropped more than 9.5%. At the time of publication, the token is trading at a cost of around $0.08.

Twitter was supposed to change the logo to Shiba Inu as a belated April Fools’ joke. This isn’t the first time that Elon Musk’s meme cryptocurrency has long impacted the exchange rate. Thus, in February 2021, the token increased by almost 50% due to his tweet and the word Doge with a rocket launching to the moon.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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