The coin has jumped by around 30% since the social media platform Twitter adopted its logo and its CEO began tweeting about it yesterday.

Dogecoin continued to trade close to a four-month high on Tuesday, following a 30% price surge to start the week. The rally came after Twitter changed its logo from the traditional blue bird, to a cartoon picture of Doge. Shiba inu was also higher, as it moved to a multi-week high.

Elon Musk's recent Twitter move, changing the page's logo icon to the Dogecoin avatar, has sent the price of Dogecoin (DOGE) surging by 30% in the last 24 hours. The 5th largest DOGE holder transferred 650 million Dogecoin (approx worth $61 million) just after the Twitter move, while an unknown whale address moved 300 million DOGE (approx worth $28 million) in a single transaction to an unknown wallet. DOGE has regained the much-anticipated 1 cent price level and is trading at an average price of $0.101, with a 24-hour trading volume of $4.83 billion and a market cap of $14 billion.

Bitcoin experienced a sharp price drop after rumors circulated on Twitter and a few crypto media outlets claiming that Binance CEO Changpeng Zhao was served with a Red Notice by Interpol, although he quickly denied the rumors. BTC experienced a drop driving it by over a grand lower to $27,200, but it bounced back to roughly $28,000 as of writing. Meanwhile, Dogecoin briefly exceeded $0.1 in another surge propelled by Elon Musk, while the other notable gainer from the larger-cap alts is Shiba Inu. The total crypto market cap has declined by $10 billion in a day and is now at $1.175T.

Dogecoin futures saw $26 million in liquidations in the past 24 hours, with both longs and shorts impacted almost equally. Traders on OKX were the most affected, taking on $12 million in losses on dogecoin futures positions.

Dogecoin's price surged as much as 30% on Monday, reaching an intraday high of around $0.1026, and its daily traded volume is up approximately 458% to stand at about $4.16 billion during the early Asian market on Tuesday.

Dogecoin's price surged as much as 30% on Monday, reaching an intraday high of around $0.1026, and its daily traded volume is up approximately 458% to stand at about $4.16 billion during the early Asian market on Tuesday.

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Dogecoin (DOGE) is higher by 25% over the past 24 hours after the Shiba Inu symbol representing the token replaced the familiar blue bird atop the Twitter homepage.

According to on-chain data from Santiment, Dogecoin whales have accumulated 1.47 billion DOGE worth $123.1 million since January 1, 2023. The Dogecoin Supply Distribution for wallets holding at least 10 million DOGE shows that these whales now hold almost 82% of the entire circulating supply of the meme coin. The whales' buying streak has coincided with some bullish momentum for Dogecoin, but year-to-date returns are only up 12%. The price may maintain current levels or even build up fresh upward momentum as long as the whales do not sell.