Dogecoin prices started dropping as Elon Musk stopped using the Doge logo for Twitter.
On Monday, April 3rd, Dogecoin (DOGE) saw a sudden surge in its value after Elon Musk’s Twitter platform changed its bluebird logo to the Dogecoin mascot.
This caused Dogecoin to reach a peak of $0.10, however, the value of the meme coin has now started to decline, with the coin trading at $0.083.
Following the surge in Dogecoin, other meme coins such as BabyDoge, WoofWork ($WOOF), and FLOKI saw a price increase as well, with BabyDoge rising by 6%, WoofWork ($WOOF) rising by 10%, and FLOKI rising by 11%. However, with the recent drop in Dogecoin, these coins have seen a corresponding decrease in their prices.