Elon Musk added Twitter to his list of companies as of October 27. The altcoin market’s reaction to the news of the acquisition was in double digits. The tech billionaire is now tweeting his first tweet about a cryptocurrency as Twitter CEO.
Elon Musk responds to this altcoin CEO, price skyrocketed
News of Elon Musk’s acquisition first brought the Dogecoin price to the moon. DOGE is currently worth 2x more than last week. Following this rally, Elon Musk’s Twitter response to the Dogecoin founder triggered an unexpected 5% rally.
Tesla CEO Elon Musk and Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, both posted humorous tweets surrounding the Twitter acquisition. It was about Twitter’s blue check badge. The Dogecoin founder sarcastically wrote on Twitter today:
SOURCE: The new twitter blue verification feature will have 69 layers and the top layer will give you a crown icon and the power to ban any user. It will cost $420,000,000. Elon Musk told Twitter staff that if they don’t finish it by Monday, he’ll blow Nickelback in the office.
SOURCES: The new twitter blue verification feature will have 69 tiers, with the top tier giving you a crown icon and the power to ban any user. It will cost $420,000,000.
Elon Musk told Twitter employees if they don’t finish it by Monday, he will blast Nickelback in the office.
— Shibetoshi Nakamoto (@BillyM2k) October 31, 2022
Dogecoin unexpectedly rose 5% within an hour of the tweet. Thus, it compensated some of its losses during the day. When the bulls took a break today, its price dropped to $0.151. Although Dogecoin is down as much as 15%, it is currently trading at just -0.94% at $0.1195. Under this tweet, Elon Musk wrote:
No way, all our evil plans have been exposed!!
Twitter Blue, the social media giant’s first subscription service, launched in June of last year. This feature gives access to special options like “Undo Tweet”, Twitter app icons and ability. But users have to pay for these features. Musk’s purchase of Twitter also brought up the use of Dogecoin for payments here. DOGE has been doing additional rallies for the past two days with news about Twitter and crypto wallet apps.
Elon Musk now officially owns Twitter
Elon Musk announced on October 27 that he bought Twitter. DOGE prices skyrocketed as a result of the excitement of investors. Tesla CEO had to go a reasonable distance to buy Twitter. The billionaire CEO of Tesla and SpaceX announced in April that he owns 9.2% of Twitter. In a statement at the time, he expressed his excitement at working with the board to “make significant improvements to Twitter in the coming months” after Twitter added him to its Board of Directors.
Musk later changed his mind after buying a 9% stake in Twitter and decided not to join the board. That same month, he updated his bid to buy Twitter at $54.20 per share. Musk initially said he would end the deal in July. However, he later changed his mind, which resulted in the purchase. As you follow on Kriptokoin.com, his first statement about why he bought it was “for humanity”.
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