Twitter Ditches Meme Logo
DOGE’s price has dropped by more than 9% as a result of Twitter’s decision to restore its original logo. DOGE is currently worth $0.085 and has a market cap of $11.8 billion.
On Monday, Twitter owner Elon Musk changed the logo to a Shiba Inu “meme,” causing DOGE’s price to rise to 10 cents. The Dogecoin community was ecstatic about this move, but the excitement was short-lived, and the price has since dropped significantly.
Santiment, an on-chain data provider, shared some intriguing insights into this week’s DOGE price rally. According to the company’s report, Dogecoin whales close to Elon Musk cashed out on the price pump.
(With inputs from Shikha Singh)
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