This Week on Crypto Twitter: Musk Goes Full Dogecoin, Pumping the Memecoin

 

 

CoinFLEX co-founder Mark Lamb tweeted a bizarre letter to his alleged debtors and a candidate for U.S. president 2024 spread serious misinformation.

 

 

 

 

 

 

 

 

 Crypto prices remained pretty frozen over the last seven days, except for Dogecoin. DOGE was undoubtedly the star of both Crypto and Twitter (and by extension, Crypto Twitter) this week, after the microblogging platform’s illustrious CEO, Elon Musk, changed the iconic blue bird logo to a picture of Doge, the Shiba Inu behind the iconic meme that inspired the coin.

 

 

Musk memed the makeover on Monday. He also reminded everyone that he first warmed to the idea last month. 

 

In response to logo change, DOGE ballooned 20% in less than an hour, although the rally ran out of steam by Thursday, when the coin posted an intraday loss of over 8%. Twitter has since reverted to the old logo.

 

 Also on Monday, Will Clemente, who co-founded digital asset research firm Reflexivity Research, shared some stats from blockchain analytics firm Kaiko highlighting the fact that throughout March, Bitcoin had reached its strongest correlation with gold in more than a year.

 

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