As Twitter was rebranded to X on July 24, Elon Musk has surprised the crypto community by adding Dogecoin (DOGE) symbol to his bio.
The change came as Twitter’s iconic logo, a blue bird, changed to X on early July 24.
BREAKING: @Elonmusk added Dogecoin symbol into his X bio. pic.twitter.com/q2879njHpf— Whale (@WhaleChart) July 24, 2023
Moreover, there are speculations that new Twitter rules will allow selling and buying DOGE and other crypto.
X TO IMPLEMENT BUYING AND SELLING OF DOGECOIN AND CRYPTO.— Whale (@WhaleChart) July 24, 2023
The move has already impacted the Dogecoin price. It gained over 4% in just a few minutes.
Dogecoin price | Source: CoinMarketCap
Musk’s love affair with Dogecoin
Following a $44 billion purchase of Twitter last October, billionaire Tesla founder has now initiated the process of rebranding the microblogging site.
Twitter’s CEO, Linda Yaccarino, has hinted that the logo change is the first step in a transition process. She revealed that it could transform Twitter into a super app supporting AI, crypto payments, and more.
X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.— Linda Yaccarino (@lindayacc) July 23, 2023
Musk’s love for the dogecoin (DOGE) meme coin has stood the test of time, despite facing its fair share of turbulence over the years.
Last month, a group of DOGE investors who sued Musk in 2022 for market manipulation amended the class action lawsuit, alleging that the X.AI founder leveraged his extensive Twitter following and visibility to pump the price of DOGE.
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