Elon Musk’s Twitter Brand Change Causes Dogecoin Surge

Chook out, Doge in: Elon Musk’s Twitter brand change causes Dogecoin surge

Written by Sanjay Kumar

Elon Musk, CEO of Twitter, is thought for his frequent updates and modifications to the micro-blogging web site since taking up in October 2022. Now, the billionaire modified the enduring ‘blue chook’ brand with the “doge” meme of the Dogecoin cryptocurrency, that includes the face of a Shiba Inu. Notably, the ‘blue chook’ brand has served as a house button on the internet model. The change was observed by Twitter customers on Monday (April 3).

Twitter

Social community firm

• Headquarters: San Francisco, California, United States
• Based: 21 March 2006, San Francisco, California, United States
• Subsidiaries: Twitter Asia Pacific Pte. Ltd., Twitter France SAS, MORE
• CEO: Elon Musk (27 Oct 2022)
• Founders: Jack Dorsey, Evan Williams, Biz Stone, Noah Glass

Musk posted a humorous picture on his account that includes the ‘doge’ meme sitting in a automobile, informing a police officer who appears to be inspecting his driver’s license that his picture has been altered.

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

No Change on Twitter’s Cellular App

The “doge” meme, a component of the Dogecoin blockchain and cryptocurrency brand that was created as a joke in 2013, is well-known as the emblem of the Dogecoin blockchain and cryptocurrency. Nonetheless, the change was solely seen on the internet model of Twitter, and the cellular app remained the identical. ANI reported citing Selection that Musk had shared a screenshot of a dialog the place an nameless account requested him to alter the chook brand to “doge,” and he promised to make the change.

As promised pic.twitter.com/Jc1TnAqxAV

— Elon Musk (@elonmusk) April 3, 2023

Dogecoin’s Worth Elevated Following the Adjustments

Musk is a widely known superfan of the ‘Doge meme’ and has been selling Dogecoin on Twitter and through his look internet hosting “Saturday Night time Reside.” After the change to Twitter’s internet brand, the worth of Dogecoin elevated by greater than 30 p.c. On February 15, Musk posted {a photograph} of the Dogecoin blockchain and cryptocurrency brand on his Twitter account, posing because the CEO, with the caption “The brand new CEO of Twitter is superb.”

Musk’s Acquisition of Twitter

In October 2022, Musk took over management of Twitter in a $44 billion deal following a protracted authorized battle and months of uncertainty. Initially agreeing to purchase the corporate in April, Musk spent months making an attempt to get out of the deal, citing considerations concerning the variety of bots on the platform and allegations raised by an organization whistleblower. To assist fund the acquisition of Twitter experiences state that Musk offered roughly $8.5 billion price of shares in Tesla.

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