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Elon Musk's Twitter Lifts Ban From Over A Dozen Dogecoin-tweeting Accounts


coingape.com 05 December 2022 07:37, UTC
Reading time: ~2 m

Twitter boss Elon Musk has been working enough to bring some Twitter accounts back to life, which he thinks were unfairly banned by the previous Twitter administration. More than a dozen Dogecoin tweeting accounts were brought to life over the last weekend.

Sharing his concern about the banned accounts, dogecoin founder Billy Markus tweeted:

“A whole bunch of accounts of people who, as far as i know, generally don’t do anything but tweet memes and positivity are being suspended. Pretty weird man.”

Elon Musk was quick to respond stating that he’s looking into the matter. In an update a few hours later, Musk said that the previous team was a bit aggressive in suggestions for spam bot accounts. “Team was a bit too intense with spam/bot suspensions. Moving to chill mode,” noted Musk.

The Dogecoin founder has confirmed that several accounts have come to life once again. “Welcome back doge accounts. ty @elonmusk,” added Markus.

Dogecoin Payments on Twitter

Elon Musk has once again hinted at getting Dogecoin payments to Twitter without saying anything specific about the timeline of launch. During a Twitter Spaces last Saturday, Musk was asked whether he would bring crypto payments to Twitter. Responding to it, Musk said: “dogecoin to the Moon”.

Elon Musk’s recent hint has helped the DOGE price to rally over the last weekend. As of press time, DOGE is trading above $0.10 with 12% gains over the last week.

Dogecoin has been in the news recently, especially over the last month after Elon Musk completed his Twitter acquisition. The DOGE community is celebrating that with Musk at Twitter’s helm of affairs, they might soon see DOGE payments on the platform.

Over the last two weeks, the DOGE price rally has overshadowed gains by some of the top cryptocurrencies like Bitcoin and Ether. However, on-chain data provider Santiment said that investors need to maintain caution. It added:

“Every time that [the] price of DOGE starts rising rapidly, there’s a market-wide crash following just moments later. Right now, we are observing such a rise. Now the question is, is this time different?”

Interestingly, OpenAI chatbot ChatGPT thinks that Dogecoin is a valuable and legitimate asset in the financial world.

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