Dogecoin Rallies 20% as Twitter Changes Logo
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Twitter has changed its logo from the blue bird to Kabosu, a Shiba Inu dog used as a brand image for the cryptocurrency. After the news broke, DOGE's price rose as much as 30% to $0.1, according to data from CoinMarketCap.

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Dogecoin Rallies 20% as Twitter Changes Logo

Moreover, DOGE has become the hottest topic on the website with over 140,000 tweets over the past few minutes. Twitter hasn't made any official statement regarding the matter so far.

The move comes shortly after Elon Musk asked a US court to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support DOGE. Lawyers for Musk claim the lawsuit is just a "fanciful work of fiction," saying Musk's tweets are "innocuous and often silly."

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