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

Companies • April 3, 2023, 2:21PM EDT
UPDATED: April 4, 2023, 5:17AM EDT
The Block

Quick Take

  • Dogecoin shot up more than 17% 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.
  • Twitter CEO and owner Elon Musk hasn’t yet announced what he might be up to.

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.

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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.)


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About Author

Nathan Crooks is the U.S managing editor at The Block, based in Miami. He was previously at Bloomberg News for 12 years, where he helmed coverage of South Florida after roles as a breaking news editor and bureau chief in Caracas, Venezuela. He's interviewed presidents, government ministers and CEOs, and, besides crypto, has covered major news events on the ground from earthquakes to hurricanes to the Chilean mine rescue in 2018. Nathan, a native of Clarion, Pennsylvania, holds a bachelor's degree from the University of Toronto, where he completed a specialist in political science, and an MBA from American University in Washington, D.C.

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