Out of the blue, Tesla and SpaceX CEO Elon Musk, who has long been a Dogecoin supporter, suddenly removed the beloved cryptocurrency’s logo from his Twitter homepage, leaving the $DOGE community in a state of disbelief.
The popular meme-based cryptocurrency Dogecoin ($DOGE) was originally launched on December 6, 2013 as a "fun and friendly internet currency". It was created by Billy Marcus and Jackson Palmer. Dogecoin is "a decentralized peer-to-peer digital currency" and its mascot "Doge" is a Shiba Inu (a Japanese dog breed).
Since then, its popularity has grown significantly, especially in the past few years, largely thanks to the support of billionaires Elon Musk and Mark Cuban (majority owner of professional basketball team Dallas Mavericks, and one of the last “Sharks”) on the extremely popular reality show Shark Tank. In fact, in 2019, Musk said that $DOGE might be his favorite cryptocurrency.
Four years after declaring his love for $DOGE, the owner of microblogging platform Twitter has decided to replace Twitter’s traditional bird logo with the widely-known Dogecoin symbol on the Twitter homepage.
As can be seen on the DOGE-USD price chart below, the news helped $DOGE price surge by over 30% to $0.1032, and in the process helped Dogecoin surpass Cardano to claim the seventh spot in the cryptocurrency rankings.
However, Musk has now decided to put Twitter’s bird logo back in the top left corner of the Twitter homepage, thus dealing a heavy blow to the hopes of many $DOGE fans that Twitter would somehow integrate Dogecoin into Twitter in the near future, which has a direct negative impact on the $DOGE price.
Currently (as of 5:38 AM UTC on April 7), DOGE is trading at around $0.0835, down 9.36% in the past 24 hours.
This is what Musk’s Twitter profile page looks like now:
