Dogecoin is rallying after its most well-known supporter, tech billionaire Elon Musk, modified Twitter’s icon to the DOGE brand.
Musk, who has a historical past of sparking Dogecoin rallies, made the brand change earlier than posting his personal model of an previous meme that includes the DOGE brand.
— Elon Musk (@elonmusk) April 3, 2023
Instantly, DOGE started pumping, and is presently up 27% for the reason that Twitter CEO’s government choice.
Musk additionally referenced an previous tweet from final yr earlier than he bought the social media large the place he seemingly joked about altering the Twitter brand to “a Doge.”
“As promised.”
Musk is presently the goal of a $258 billion lawsuit that alleges he illegally and purposely drove up the value of DOGE by over 36,000% over the span of two years earlier than letting it collapse. The tech mogul’s legal professionals have requested the judged to throw out the swimsuit,
As said by his legal professionals, in response to Reuters,
“There may be nothing illegal about tweeting phrases of assist for, or humorous photos about, a respectable cryptocurrency that continues to carry a market cap of practically $10 billion. This courtroom ought to put a cease to plaintiffs’ fantasy and dismiss the grievance.”
At time of writing, DOGE is buying and selling at $0.0979.
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Featured Picture: Shutterstock/INelson
