On the 4th, the social media Twitter logo suddenly became a Dogecoin Shiba Inu meme map, and was fueled by Elon Musk. However, just this morning, Twitter has changed back to the blue bird logo, and DOGE once dived nearly 10%.
(Recap:Twitter bluebird logo “Mutant Dogecoin”, Musk’s drag racing text! DOGE sprayed more than 37%）
(background supplement:Twitter logo changed to Dogecoin” cottage project 3 hours Rug; NFT “Memes by 6529” blessed by Musk soared）
companyThe logo in the upper left corner of the social media giant Twitter’s homepage suddenly changed from the well-known blue bird logo to the Shiba Inu meme of Dogecoin in the early morning of April 4.Twitter CEO Elon Musk, known as the “Godfather of Dogecoin” at the time, even tweetedreleaseZhang Dogecoin’s meme supported the incident, which sparked heated discussions in the community, and caused DOGE to jump by more than 37%.
Twitter has reverted to the Bluebird Logo
However, in the early morning of this (7th), Twitter’s Logo has been changed back to the original blue bird Logo without warning, ending this short-lived carnival. The latest price data shows that the price of DOGE also reached the highest level of US$0.0925 at 03:30 this morning, and quickly fell by nearly 10% within an hour to a minimum of US$0.08415.
Before the deadline, it was trading at US$0.0851, down 7.3% in the past 24 hours.
Musk is facing a dog closure fraud lawsuit seeking damages
For a long time, Musk has often touted Dogecoin, andhintDogecoin has the possibility of introducing Twitter payments. In order to achieve the goal of diversifying income and promote Twitter’s plan to become a super app, in January this year, it was reported that Twitter had applied for a payment license in the United States to accelerate support for cryptocurrencies.
Further reading:Ambush Twitter Payments” giant whales increased their holdings by 450 million Dogecoins! DOGE transaction volume doubled
However, Musk is currently facing a Dogecoin fraud lawsuit. In September last year, Dogecoin investors filed a class action lawsuit, claiming US$258 billion from Musk and other defendants. After the retail investors entered the market, they dumped a lot of money and caused the currency price to plummet.
The latest status of the current lawsuit points out that Musk has submitted legal documents to the Manhattan federal court on Friday, asking the judge to dismiss the $258 billion Dogecoin “extortion” lawsuit. He and Tesla Inc.’s lawyers argued in the filing that the Dogecoin investor class action is a fantasy figment of Musk’s “innocuous tweet” about Dogecoin.
Further reading:Musk seeks judge to dismiss “Dogecoin extortion lawsuit”! Doge investors seek 258 billion magnesium
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Ambush Twitter Payments” giant whales increased their holdings by 450 million Dogecoins! DOGE transaction volume doubled
