- DOGE has begun its return to Earth after it was replaced as the Twitter logo by the traditional bird
- The Shiba Inu supplanted the bird on Monday, causing a price 30% spike
- The logo was swapped back yesterday, with no rhyme or reason offered for the switch
The manipulation of the crypto markets by Elon Musk returned for the second time in quick succession this week as the Twitter boss restored the traditional Twitter logo, causing a 10% dump in the price of DOGE. Musk had caused the coin to spike 30% by replacing the traditional bird with the DOGE symbol on Monday, but, with no announcement to follow up the act, the coin has instead begun a journey back to Earth, showing once again Musk’s disregard for the crypto world.
Two Years On, Same Old Musk
Musk’s crypto market manipulation, which was on full display during the 2021 rally, is something that was initially enjoyed by the crypto community when he was tweeting positively about Bitcoin and DOGE, but when he showed typical impulsivity and rowed back on his initial praise, the crypto world quickly got fed up with him.
This happened again this week, with DOGE jumping 30% after he swapped the Twitter logo for the now-famous Shiba Inu, with many expecting an announcement regarding DOGE-powered micropayments on the platform or something similar, which has already been mooted by the Tesla boss. However, nothing was forthcoming, and now the bird is back, leaving many wondering what the point was as DOGE fell back to where it had been before the jump.
Move Connected to Dogecoin Lawsuit?
The timing of the DOGE stunt was perhaps less random than people think – the Friday before, his lawyers had filed a defense in his $258 billion Dogecoin manipulation lawsuit, calling the claims a “fanciful work of fiction” over Musk’s “innocuous and often silly tweets” about Dogecoin. The move may therefore have been an odd show of defiance from Musk, although he has done nothing but prove the points raised by the claimants.
