In an unexpected turn of events, Tesla and SpaceX CEO Elon Musk, the ever-vocal supporter of Dogecoin, has left the $DOGE community in a state of disbelief by suddenly removing the beloved cryptocurrency’s logo from the Twitter home page.
Popular meme-based cryptocurrency Dogecoin ($DOGE) was initially released on December 6, 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. Dogecoin is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge,” a Shiba Inu (a Japanese breed of dog).
Since then, its popularity has substantially increased, especially in the past couple of years, primarily thanks to support from billionaires Elon Musk and Mark Cuban (the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank.” In fact, in 2019, Musk said that $DOGE might be his favorite cryptocurrency.
Four years after the owner of the micro-blogging platform Twitter declared his love for $DOGE, he decided to replace Twitter’s traditional bird logo with the widely recognized Dogecoin symbol on the Twitter homepage.
As you can see from the DOGE-USD price chart below, this news helped the $DOGE price surge over 30% to $0.1032, and in the process helped Dogecoin to overtake Cardano to secure the seventh position in the cryptocurrency rankings.
However, Musk has now decided to put Twitter’s bird logo back in the top left corner of the Twitter home page, thereby landing a crushing blow to the hopes of many $DOGE fans that Twitter was going to somehow integrate Dogecoin into Twitter in the near future, and this has had an immediate negative impact on the $DOGE price.
Currently (as of 5:38 a.m. UTC on April 7), $DOGE is trading at around $0.0835, down 9.36% in the past 24-hour period.
Here is how Musk’s Twitter bio page looks now: