On April 3rd, Twitter changed its icon to the symbol on the Meme token Dogecoin (DOGE). Just two days ago, Twitter and Tesla CEO Elon Musk requested a US judge to dismiss a $258 billion lawsuit filed by investors accusing them of using the pyramid scheme to promote dog coins
On April 3rd, Twitter changed its icon to the symbol on the Meme token Dogecoin (DOGE). Just two days ago, Twitter and Tesla CEO Elon Musk requested a US judge to dismiss a $258 billion lawsuit filed by investors accusing them of using the pyramid scheme to promote dog coins.
After Elon Musk's Twitter replaced the familiar social media platform logo Bluebird at the top of its homepage with the iconic cryptocurrency Chaigou,On Monday, the US stock market saw a surge in DOGE, rising from $0.077 to $0.102, setting a new intraday high since December last year, with an intraday gain of 30%The subsequent increase slightly narrowed, and by the close of the US stock market, it had risen by over 23% in the past 24 hours.
The official Twitter account did not announce the above changes before, and there was no response from the media on Monday regarding changes to the homepage key.
The changes in icons occur across the entire platform, and this social media giant estimates that 360 million active users and visitors to the platform can see them directly every month. According to reports, Musk's lawyer argued that,Interesting images and supportive comments on Twitter do not constitute fraudulent claims.
Shortly after the icon change, Musk posted the following emoticon package on Twitter, which seems to suggest that the change will continue for a period of time:
On January 18th, it was reported that after collaborating with Musk, the carbon emissions of Dogcoin decreased by 25%. He tweeted, "Collaborating with Doge developers to improve system transaction efficiency may be very promising
Previous market studies have shown that,Musk's tweets about DOGE often push up its price.Throughout 2021, Musk promoted cryptocurrency with slogans such as "Dogcoin is the cryptocurrency of the people" and claimed to be the "father of dogs".
Last year, Tesla launched a new series of whistles inspired by the Cyberrack series. The price of each whistle is 1000 DOGE, or $60 at the time of release. American billionaire Mark Cuban also praised Dogcoin, claiming that it can be used to solve Twitter's spam problem.
Musk often praises DOGE, suggesting that memes may provide better payment functions than Bitcoin (BTC). In January, the Financial Times reported that,Twitter is designing a system that allows payments to be made through social media platforms.Although Musk, as CEO, hoped Twitter would first support fiat currencies, he sought the ability to add cryptocurrencies - a story that boosted the price of DOGE.
Since taking over as the CEO of the social media platform in October last year, he has enthusiastically driven the market for memecoin. In February, after posting a photo of his own pet CEO on Twitter, the market value of the token increased by $500 million.
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