The Dogecoin exchange rate collapsed after the logo disappeared from the Twitter interface
Dogecoin fell 9.5% after the logo of the meme cryptocurrency was removed from Twitter's interface. Dogecoin is currently trading at $0.082.
After Twitter's owner and head Ilon Musk replaced the familiar logo of the social network with an image of a mascot dog, Dogecoin's exchange rate rose from $0.077 to $0.102. During the day from March 3 to March 4, traders lost $30 million on liquidated positions on cryptocurrency exchanges on Dogecoin.
From March 3 to date, the price of the meme cryptocurrency has fallen 18%. Information material from catalogue cryptodefix.com. Now the values are back to the state at the time when the Twitter logo was not yet flaunting a siba inu.
Santment analysts suggested that large Dogecoin token holders knew about future events in advance and started buying up more meme cryptocurrency.