"Musk always takes unexpected actions, I guess what happened after this?"
Stealing the attention of social media users, the Twitter profile picture was changed to the most popular memecoin Dogecoin (DOGE) after Elon Musk asked a United States (US) judge to throw out a $258 billion lawsuit filed by investors for allegedly inflating the price of the memecoin through the use of a ponzi scheme.
Explained in more detail, the change of the Twitter profile picture happened when the Chairman of WSB, a well-known stock trader, had previously told Musk to buy the social media platform and change the blue bird logo to DOGE.
Despite that, some investors view Musk's action as just an April Fool's joke to shock millions of Twitter users.
While a small number of investors really believe that it is a very smart move following DOGE as the Twitter logo can further develop the cryptocurrency market in a big way.
However, investors are still unclear whether the change in the profile picture is a temporary measure by Twitter management or not as the price of DOGE could be affected if the new logo is taken down again.
However, the price of DOGE reportedly climbed as high as $0.10 when the switch took place before settling slightly at $0.089. But now bounced back by 20.39% at $0.094 in last 24 hours.
Tempias was also felt by several other cryptos such as the second largest memecoin Shiba Inu (SHIB) also saw an increase of over 4.41% at the level of $0.00001124 in the last 24 hours with a market capital of $6 billion and Floki Inu (FLOKI) also managed to reach $0.000040 before falling back to $0.000036 .
