Dogecoin rose to 10.2 cents.
As a result of Twitter users noticing that the dog meme had been substituted for their home buttons, the price of dogecoin increased by as much as 31%.
By 1:45 p.m., some Twitter users saw that the home button in the upper left corner of their web browsers—typically the company’s solid blue bird logo—had started to be replaced with a cartoon of the Shiba Inu that serves as the face of the Doge meme. The New York Times
After the move, Dogecoin’s price increased to as much as 10.2 cents from roughly 7.7 cents. Twitter started to see a trend for Doge. By 11 a.m. in London, the token gave back some gains to trade 8.6% higher.
The adjustment was made a few days after Twitter started making modifications to its authentication process. The checkmarks on some accounts with so-called legacy verification, like the New York Times, were erased. Several people have preserved their checks with a message indicating that they were either Blue subscribers or legacy verified accounts.
In response to a query regarding the new home button, Twitter remained silent. Elon Musk, the owner of Twitter, uploaded a picture of an earlier conversation in which a user requested that he switch the bird emblem to a doge at 3:44 p.m. in New York. As promised, Musk tweeted.
According to a filing with Manhattan federal court, Musk requested that a US judge dismiss a $258 billion racketeering lawsuit accusing him of operating a pyramid scheme to fund Dogecoin, according to a report by Reuters on March 31.