Twitter had recently replaced its logo with Dogecoin’s logo.
After the Twitter logo changed to Dogecoin’s logo, DOGE had a rapid rise. DOGE fell after the logo returned to normal.
DOGE Dropped After Twitter Logo Returned To Normal
Dogecoin plummeted after Twitter reverted to its regular bluebird logo on Thursday. According to CoinGecko, the price of DOGE fell by about 8.2 percent to $0.085.
Dogecoin has plummeted since Twitter reverted to its regular blue bird logo on Thursday and gave up on a Shiba Inu dog logo that has graced the social network since Monday.
According to CoinGecko data, the price of DOGE fell by as much as 8.2% to $0.085. It was up over 27 percent Monday as CEO Elon Musk joked about changing the logo for the meme.
According to Binance data seen via TradingView, the price of memecoin first peaked on Monday following Musk’s move, while volumes have been falling since Tuesday.
Analysts were skeptical of the rally, noting the lack of depth in the Dogecoin markets and the short-lived nature of these rallies, historically driven by Musk’s “occasional fluctuations”.
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