Dogecoin Tumbles 5% as Twitter Board Seriously Considers Musk\'s Bid Offer: What\'s Happening to DOGE?

Dogecoin, the world\'s first-ever meme coin created as a joke, saw a double-digit plummet over the weekend after a Twitter poll of its number one advocate, Tesla CEO. Now, Dogecoin is experiencing further volatility. Why? The Twitter board is seriously considering Elon Musk\'s bid offer, and the impact on DOGE is being felt in the market.

Some Dogecoin traders had eyed Musk\'s Twitter takeover to stay bullish on DOGE/USD, considering the deal would boost the token\'s adoption across the platform\'s 330 million users. DOGE’s price grew 30% to $0.17 in 10 days after Musk’s pro-crypto suggestion to the Twitter board. But the memetoken fell drastically afterward, reaching as low levels.

The situation is complex. On 15 April, Twitter’s board of directors adopted a poison pill defense to protect the company from Elon Musk. As such, the so-called “poison pill” Twitter had proposed added uncertainty. Dogecoin jumped more than 17% Monday following several reports that said Twitter is poised to accept Elon Musk’s $43 billion bid, with the potential for the two parties to finalize a deal.

Dogecoin is rising Friday, hitting its highest price in over a week as speculation over Elon Musk introducing payments to his X social media platformformerly grows. Will Musk\'s potential ownership truly integrate DOGE?

Even Dogecoin co-founder Billy Markus is watching closely. "Yeah, so this is good news," tweeted Dogecoin co-founder Billy Markus after Twitter CEO Parag Agrawal announced that Elon Musk would join the social media firm.

Musk\'s tweets on dogecoin, including the one where he called it the people\'s crypto, have turned the once-obscure digital currency, which began as a social media joke, into a significant player. Keep up-to-date with the latest Dogecoin news and its relationship with the evolving Twitter situation.