The value of Dogecoin, a cryptocurrency that began as a joke, soared by more than 30% after Twitter changed its logo to the Dogecoin symbol. The value of the coin reached $0.43 each, making it one of the most significant rallies in recent times. Elon Musk is responsible for Twitter's decision to adopt the Dogecoin information icon as its logo, having posted a picture of a Shiba Inu dog, the breed that inspired the Doge meme, on Twitter with the word "Doge" and a link to an article discussing Dogecoin's potential as a currency.

Elon Musk surprised the cryptocurrency community by posting a screenshot of his conversation with the WSB Chairman on Twitter, discussing the possibility of creating a competitor to Twitter before its acquisition. WSB suggested "acquiring Twitter" and replacing the bird emblem with a bitcoin symbol. After Twitter adopted the Dogecoin icon, Musk tweeted as promised.

Twitter users have expressed mixed reactions to the recent Doge logo change. While some find it amusing and consistent with Elon Musk's style, others question the legitimacy of the platform, speculating whether it has been hacked or if this is a delayed April Fool's Day prank.