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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