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Dogecoin surges after Elon Musk uses token’s logo as Twitter’s symbol

Yahoo Finance

Yahoo Finance Live anchors Brad Smith and Jared Blikre break down the Dogecoin price spike.

Video transcript

BRAD SMITH: All right, switching gears here. Let's talk one of our trending tickers or trending currency today. Dogecoin has been surging over the past 24 hours. You're taking a look at a move that we've been tracking after Elon Musk swapped out Twitter's blue bird icon with the Shiba Inu dog symbol associated with Dogecoin. The meme coins tokens racked up roughly $26 million in liquidations in the past 24 hours, according to data from Coin Glass. Dogecoin currently enjoying its leading gains compared to Bitcoin and Ethereum or Ether, whatever you're calling it home, well, just call them not performing as well as Dogecoin over the past 24 hours.