The value of Dogecoin surged by up to 30% when Twitter users noticed a change in their home buttons to the meme of the Shiba Inu, which is the face of the cryptocurrency.
This change was observed at around 1:45 p.m. in New York, where the solid blue bird logo was replaced by the cartoon of the dog.
Consequently, the value of Dogecoin rose from 7.7 cents to a high of 10.2 cents. Furthermore, Doge began trending on Twitter, coinciding with Twitter’s recent verification system changes, which saw some legacy accounts lose their check marks while others maintained them.
Twitter has not commented on the home button change, which occurred just before Elon Musk posted a tweet at 3:44 p.m. in New York, stating that he would change the bird logo to a doge, as urged by a Twitter user in an earlier exchange.
Leo Schwartz, a Fortune journalist, suggested that the change in the Twitter home button to the Doge meme could be a diversion from the ongoing controversy surrounding Twitter Blue.
This subscription service allows users to purchase a verified status with a blue tick, replacing the previous system where only notable accounts were given blue ticks. Legacy accounts are now required to pay a monthly fee to maintain verification.
However, this fee has been refused by almost all prominent media companies, celebrities, and politicians, posing a significant challenge to the social media platform.
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