Dogecoin Soars ── Twitter’s Blue Bird Becomes Shiba Inu | coindesk JAPAN | Coindesk Japan

Dogecoin (DOGE) announced on April 3 that Twitter, led by Elon Musk, had changed the well-known “blue bird” logo on its website to that of Dogecoin’s iconic “Shiba Inu.” Up 35% or more. It rose from about $0.077 just before the logo change to around $0.1046 (around $0.0945 around 7:30 on the 4th, Japan time).

According to CoinDesk data, it has not crossed $0.1 since December 2022.

Musk has often referred to Dogecoin, touting its ability to provide better payment functions than Bitcoin (BTC). In January, the Financial Times reported that Twitter was building a payment function. Mr. Musk, who serves as CEO, said that he was thinking about Twitter’s payment function in fiat currency first, but he also thought about adding crypto assets.

About an hour after the logo change, Musk tweeted an image of the cartoon as his first public comment.

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Twitter
｜Original: Dogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token’s Dog