This unexpected move sent shockwaves through the crypto world, leading to a massive surge in the value of the popular meme token.
Many Dogecoin enthusiasts were quick to celebrate the move on social media platforms like Reddit and Twitter, with some speculating that the change could be a sign of greater acceptance for the cryptocurrency.
According to reports, the surge in Dogecoin's value was significant, with the meme token recording a 22% hike within just a few hours of the incident. The impact was not limited to Dogecoin alone, as other meme tokens like Shiba Inu also recorded substantial gains.
Despite the hype, no official statement has been made by Twitter or Elon Musk, who has been a vocal supporter of Dogecoin in the past. Some speculate that this could be a temporary change, and the bird logo may return once again, but the excitement among the Dogecoin community remains high.
Apart from that, the strings of this incident are also being attached to Elon Musk’s ongoing court case in which he is accused of manipulating the prices of Dogecoin with his tweets.
The incident is a testament to the power of social media and the impact it can have on the world of finance.
Also, Read - Elon Musk and Investors Locked in $258B Dogecoin Legal Battle
