Crypto Jumps After Musk Changes Twitter Icon To Dogecoin

Twitter (TWTR) has changed its icon... to the Dogecoin Token symbol...

DogeCoin soared over 20% to 4-month highs as the market noticed Musk's change...

It's not just DogeCoin that is getting a bump. Ethereum is back above $1800...

As CoinTelegraph notes, just two days prior, Elon Musk, CEO of Twitter and Tesla, asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging the operation of a pyramid scheme to promote Dogecoin.

Musk's lawyers reportedly argued that "funny pictures" and "tweeting words of support" do not amount to a fraud claim.

Additionally, TechCrunch reports that in that suit, Musk’s lawyers recently called dogecoin a “legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” arguing that Musk’s tweets thereof were just that (we note that the current 'market cap' value of dogecoin has shot to around $12.4 billion).

It appears this 'update' reflects Musk’s general view on the farcical litigation.

More By This Author:

These Were The Best And Worst Performing Assets In March And Q1
Bullard Admits OPEC Cuts May "Make [Fed's] Job A Little More Difficult"
ISM Manufacturing Tumbles To Post-COVID Lows, Employment Slumps

Disclosure: Copyright ©2009-2023 Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.