Dogecoin (DOGE) rose 10% on Tuesday after Elon Musk linked it to Twitter's new "X" brand. Musk posted an animation of the "X" logo created by a Dogecoin designer and added the DOGE symbol to the location field of his Twitter profile. After this, the DOGE rate increased from $0.077 to $0.083 in 2 hours📈.

This is reminiscent of the numerous cases where Musk influenced the price of the meme coin with a single statement or action. In April, he changed Twitter's logo to a Shiba Inu, resulting in DOGE growth of 25%.