Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
This Monday, Twitter users found that the app stopped displaying the platform’s signature bird in the upper left corner, and were instead greeted with a picture of a Shiba Inu dog.
As a result, dogecoin’s price started skyrocketing and was up more than 20% standing just under one dollar at the time of writing.
This isn’t the first time Elon Musk, who acquired the platform late in 2022, is boosting the price of the coin.
Late in 2020, he tweeted “One word: Doge” causing the then-fringe coin to soar in value.
Similarly, Floki, Doge, and Bonk, other dog-themed coins, soared after Musk posted an image of his dog photoshopped to the role of Twitter’s CEO.
Musk’s tweets have also been known to affect the price of larger cryptocurrencies. In 2021, after he announced Tesla would no longer be accepting Bitcoin, the world’s largest cryptocurrency quickly fell by about 10%.
Doge’s Shiba Inu where Twitter’s blue bird can usually be found.
This is a breaking story and will be updated as new details emerge
Join our Telegram group and never miss a breaking digital asset story.
The post Doge Spikes 20%+ As Iconic Shiba Inu Replaces Twitter’s Bird appeared first on Tokenist.
