The value of Dogecoin plummeted by a staggering 9% following the sudden disappearance of its logo, which appeared just as unexpectedly previously.

The value of Dogecoin plummeted by up to 9% as some users on Twitter began noticing that the social media platform logo had reverted to its classic blue-bird design after several days of showcasing the cryptocurrency's accompanying dog meme. A cartoon of the Shiba-Inu representing the Doge meme had been visible in the top left corner of Twitter's homepage since Monday. Dogecoin, a cryptocurrency conceived as a joke in 2013, has received long-standing support from Twitter owner Elon Musk, with the digital currency even being accepted as payment for Tesla merchandise. Despite the logo change, Twitter has not responded to questions about the restoration of its classic design. Following Twitter's logo switch, the price of Dogecoin rose to as high as 10.5 cents, before falling to a low of 8.4 cents.