Twitter Swaps Logo for Dogecoin, DOGE Price Skyrockets

In a surprising move, Twitter has replaced its iconic blue bird logo with the Dogecoin (DOGE) emblem, the favorite cryptocurrency of billionaire Elon Musk.

Twitter Swaps Logo for Dogecoin, DOGE Price Skyrockets

In the early hours of April 4th, Twitter users worldwide noticed that the social media platform’s logo had been changed to a Shiba Inu dog, closely resembling the Dogecoin (DOGE) logo.

Elon Musk, who acquired Twitter for $43 billion at the end of 2022, stated that this change was simply fulfilling a promise he made last year.

As promised pic.twitter.com/Jc1TnAqxAV— Elon Musk (@elonmusk) April 3, 2023

Musk did not clarify whether this move indicates that Twitter will soon accept DOGE as a payment method—a speculation fueled by Musk’s previous actions with Tesla and ongoing rumors since his acquisition of Twitter.

Some have even joked that this could be an elaborate "April Fool’s" prank by Twitter. However, due to staffing shortages and stringent working conditions under Musk's leadership, Twitter might have missed the opportunity to execute the prank as planned.

Regardless, the logo swap was enough to send DOGE's price soaring by 37%, from $0.077 to $0.1 in the early hours of April 4th, before correcting to $0.092 at the time of writing.

1-hour Chart of DOGE/USDT on Binance at 08:05 AM on April 4, 2023