Twitter’s new owner is known as a keen proponent of the original memecoin, having pushed its price higher numerous times in the past through various engagements. The latest example came earlier this week when he changed the Bluebird Twitter logo to the dog picture of Dogecoin. Expectedly, the asset’s price exploded by 25% in minutes and over 30% within the next day. It soared above $0.1 for the first time in months. The Bluebird logo has returned since then, and DOGE has retraced notably. Data from the on-chain analytics platform – Lookonchain – informed that two of the five largest Dogecoin whales sold 1.4B DOGE amid the price surge (worth about $121 million).

When many users attempt to like, retweet, or reply to posts containing Substack links, they’re given an error message that “Some actions on this tweet have been disabled by Twitter.” 

Dogecoin (DOGE) has experienced an 8.6% drop in value within the last 24 hours, signaling that a price correction may be underway. The decline comes after Twitter CEO Elon Musk briefly pumped up the value of the meme cryptocurrency by changing the social media site's logo to a picture of Doge.

Dogecoin whales have been moving millions of dollars worth of DOGE ever since Elon Musk, the CEO of Tesla, decided to change the Twitter icon to the Dogecoin logo. Over $182 million worth of the largest meme coin was moved within a few hours this week amid its sudden surge in price.

Bitcoin maximalist Jimmy Song has accused Elon Musk of pumping the price of Dogecoin (DOGE) for his own goals after the Tesla and Twitter CEO changed his Twitter icon to the DOGE logo. Song believes that Musk's move was a ploy to settle his financial obligations after acquiring Twitter, rather than a show of support for the asset. The price of DOGE climbed more than 22% in a matter of minutes after the logo change, bringing its market capitalization to the highest level since December 2022. Dogecoin has managed to retain the price acquired at the time of the icon update, currently changing hands at $0.10.

Twitter Inc. was sued by contract workers who argue they were a “contingent workforce” with the same duties as employees and shouldn’t have been laid off without notice when Elon Musk took over the company.

Twitter Inc. is struggling to sell users on its new subscription product, Twitter Blue, according to a new report. 

The coin has jumped by around 30% since the social media platform Twitter adopted its logo and its CEO began tweeting about it yesterday.

Elon Musk's recent Twitter move, changing the page's logo icon to the Dogecoin avatar, has sent the price of Dogecoin (DOGE) surging by 30% in the last 24 hours. The 5th largest DOGE holder transferred 650 million Dogecoin (approx worth $61 million) just after the Twitter move, while an unknown whale address moved 300 million DOGE (approx worth $28 million) in a single transaction to an unknown wallet. DOGE has regained the much-anticipated 1 cent price level and is trading at an average price of $0.101, with a 24-hour trading volume of $4.83 billion and a market cap of $14 billion.

Dogecoin futures saw $26 million in liquidations in the past 24 hours, with both longs and shorts impacted almost equally. Traders on OKX were the most affected, taking on $12 million in losses on dogecoin futures positions.