Dogecoin rally dented by report that Musk might table Twitter's crypto plans
Dogecoin's Twitter deal-fueled rally hit a speed bump overnight as reports suggested Elon Musk might table the social media site's crypto ambitions. Crypto had been expected to play a role in Elon Musk's vision for Twitter, and the billionaire entrepreneur's predilection for dogecoin sent the price of the meme-themed cryptocurrency above $0.10 last week.
Dogecoin rallied over 50% last Saturday after Musk completed his takeover of Twitter. Dogecoin is up over 60% in the past seven days. However, it pared some of these gains overnight. Dogecoin was trading at $0.126 at 11:00 a.m. ET, down around 5% from $0.135 on Thursday. Dogelon Mars lost around 5%, although the memecoin has risen 60% since Musk's takeover. Shiba Inu and Floki Inu also rallied by 17.2% and 49%, respectively.
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@Doge_ShibaInu
