Elon Musk fondly recalls his infamous decision to briefly swap the Twitter logo for the Dogecoin DOGE/USD meme

Tech billionaire Elon Musk has fondly recalled his infamous decision to briefly swap the Twitter logo for the Dogecoin DOGE/USD meme, which sparked a huge surge in the meme coin's value.

What Happened: Responding to a post on X from "DogeDesigner," who brought up the memorable event from two years prior, Musk simply wrote, "That was awesome."

The post from DogeDesigner highlighted how Musk had briefly changed the Twitter logo to the famous Doge meme, which serves as the original meme cryptocurrency's mascot.

"Elon Musk changed the Twitter logo to Doge in April 2023 for about a week before changing it back to the original logo. The logo switch, which was part of a series of small changes Musk was making to the platform at the time as part of his plans for a new product called "X," also sparked a huge surge in Dogecoin's price."

The logo switch, which was in place for roughly a week, resulted in a substantial rise in DOGE's price. The meme coin's value increased by nearly 8%, followed by a swift additional 30% gain.

This was perceived by the Dogecoin community as Musk's attempt to incorporate his favored meme coin DOGE into Twitter.

Also Read: Elon Musk Responds To Benzinga Report: ‘Lots Of’ SpaceX, Tesla Workers Own Dogecoin; He Doesn't Own Floki, Shiba Inu

Why It Matters: Musk's playful antics on Twitter have often had a significant impact on cryptocurrency markets, particularly DOGE.

His decision to replace the Twitter logo with the Doge meme not only demonstrated his influence on social media but also highlighted the volatile nature of meme coins and their susceptibility to external factors.

This event serves as a reminder of the power of high-profile individuals in shaping market trends and the potential for social media platforms to influence cryptocurrency values.