Dogecoin skyrockets as Crypto Twitter wonders what Elon is doing with logo

Dogecoin shot up more than 27% on Monday after Twitter's blue bird logo was changed on the website for some users to the famed meme of a Shiba Inu dog.

Crypto Twitter buzzed with intrigue as to what owner and CEO Elon Musk might be doing.

"Doge for some reason is showing up on Twitter and I can only assume this was supposed to be an April Fools joke that took 3 days to roll out because no one knows how the site works anymore," on Twitter user wrote.

While initially silent, Musk eventually tweeted a post that referenced older tweets that joked about changing the logo.

Before Musk broke his silence about the logo change, the price of DOGE had shot up over 27% by 3:45 p.m. EDT to above $0.10, according to CoinGecko. That's the highest price in about four months.

(Updates with Musk tweet in fourth paragraph.)