Dogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token's Dog
In the past Twitter CEO Elon Musk has shown himself to be a fan of the meme coin.
Dogecoin (DOGE) surged more than 35% after Elon Musk's Twitter replaced the social-media platform's familiar blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo.
DOGE got as high as $0.1046 versus around $0.077 right before the logo change. Before Monday, its price last exceeded 10 cents in December, according to CoinDesk data.
![DOGE soars (CoinDesk)](https://www.coindesk.com/resizer/WkD6cEYsLg74D5xg23PFgvbC-2Y=/560x548/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/X3XCVP7LZRAOFBKES6GPOZ2XCA.png)
Musk has frequently touted DOGE, suggesting the meme coin may offer better payments functionality than bitcoin (BTC). In January the Financial Times reported that Twitter was designing a system to permit payments through the social-media platform. While Musk, who is the CEO, wanted Twitter "first and foremost" to be for fiat currencies, he sought the ability to add cryptocurrencies – a story that gave the price of DOGE a lift.
A bit more than an hour after the logo change, Musk tweeted out a cartoon image as his first public comment.
UPDATE (April 3, 2023, 18:09 UTC): Updates prices and adds historical price information.
UPDATE: (April 3, 2023, 18:33 UTC): Updates prices and adds Financial Times story from January.
UPDATE: (April 3, 2023, 19:02 UTC): Adds tweet from Elon Musk.
UPDATE (April 3, 2023, 19:47 UTC): Updates prices.