
On Monday, Twitter changed the logo on its web and mobile browser to the popular Doge meme, the icon used by the infamous Dogecoin, a cryptocurrency known as a “memecoin.” Dogecoin rallied 20% in just 30 minutes as the internet took notice.
Elon Musk has long been a Dogecoin booster, and his tweets and appearances on television programs, including Saturday Night Live, have frequently impacted the value of the cryptocurrency.