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Dogecoin Drops After Elon Musk's Twitter Stops Using Its Dog Logo
DOGE surged on April 3 after Elon Musk's social-media company inexplicably removed its blue bird logo, replacing it with dogecoin's mascot.
Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency's mascot as its logo.
It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change.
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DOGE surged as high as 10.5 cents on April 3 after Elon Musk's social-media company inexplicably shifted to using dogecoin's Shiba Inu as its logo instead of its iconic blue bird.
Read more: Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn
UPDATE (April 6, 2023, 21:08 UTC): Updates price.
UPDATE (April 6, 2023, 22:20 UTC): Updates price.
Nick Baker
Nick Baker was CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. He owns more than $1,000 of BTC and SOL.
