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Dogecoin rallies ~30% to $0.1016 on April 4 as Elon Musk replaces Twitter’s bird icon with a Shiba Inu, boosting market cap to $13.5 bn.
Dogecoin surged roughly 30% on April 4, hitting $0.1016 – its highest price in over a month – after Elon Musk changed Twitter’s web‑version logo from the iconic blue bird to a Shiba Inu, the meme that represents the cryptocurrency [1].
| At a glance | |
|---|---|
| Price | $0.0972 |
| 24‑h change | +30% |
| Market cap | $13.49 bn |
| Catalyst | Twitter logo swap to Shiba Inu |
Musk’s logo swap was limited to Twitter’s desktop site; the mobile app retained the bird icon [2]. The change was announced with a meme tweet that referenced a prior conversation where a user suggested Musk “buy Twitter and change the bird logo to a doge” [3]. The visual cue instantly linked the platform to Dogecoin’s Shiba Inu mascot, prompting traders to buy the meme coin. Within 24 hours, Dogecoin’s price rose to $0.1016, a level not seen in more than a month, while its 24‑hour trading volume spiked to $4.25 bn [1].
Dogecoin is the world’s eighth‑largest cryptocurrency by market cap, sitting at $13.49 bn after the rally [1]. Its circulating supply stands at 13.88 bn DOGE, meaning the price move reflects fresh buying rather than a supply change. The broader crypto market showed modest growth, with total market cap up 1.18% to roughly $1.17 tn, while Bitcoin and Ethereum were largely flat [1]. Analysts note the rally is news‑driven rather than fundamentals‑based, cautioning that the surge may not be sustainable without underlying demand [1].
The logo swap underscores how a single high‑profile visual cue can trigger sizable short‑term price action in meme‑driven assets, leaving the durability of Dogecoin’s gains uncertain pending further on‑chain and regulatory signals.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jul 14, 2026 · How we report
The online version of Twitter's homepage displayed a Shiba Inu logo instead of the traditional bird logo, while the app version retained the bird.
Dogecoin's price was reported to have risen approximately 30% following the logo change.
It indicates that buy-side activity on spot markets more than doubled compared to a prior baseline, suggesting easing selling pressure.
No official statement has been released by any project team or exchange regarding the increase.
The surge signals short‑term bullish sentiment, but analysts note that price impact is uncertain and may not be sustained.