Beijing time on the morning of April 7th, according to reports, a few days ago, Musk replaced the Twitter blue bird Logo with a Shiba Inu, and the Shiba Inu is closely related to the Dogecoin (Dogecoin) that Musk touts, so the dog Dogecoin prices soared. However, now that Twitter has changed the logo back to the blue bird, investors sold Dogecoin, causing the price of Dogecoin to plummet by 9%.
In 2013, Musk “created” the cryptocurrency Dogecoin in an almost joking manner, and allowed consumers to use Dogecoin to buy Tesla cars. On Monday, US time, Musk replaced the blue bird logo with a Shiba Inu. At that time, the price of Dogecoin was 10.5 cents, and it has now fallen to 8.4 cents.
The price of Dogecoin rose about 30% at one point since Twitter changed its logo on Monday, but it remains well below its 2021 high. Many Dogecoin holders have benefited from the exchange, and they have expressed their gratitude to Musk in the Discord community. Musk has been advocating Dogecoin for a long time, but skeptics have taken him to court, arguing that Musk secretly manipulated the price of Dogecoin.