Twitter boss Elon Musk has been working to bring back to life some Twitter accounts that he says were unfairly banned by the previous Twitter administration. More than a dozen Dogecoin Twitter accounts were brought back to life over the weekend.
Sharing his concern about the banned accounts, dogecoin founder Billy Markus tweeted:
“A whole bunch of accounts from people who, as far as I know, generally do nothing but tweet memes and positivity are suspended. Pretty weird, man.”
Elon Musk quickly responded by stating that he was looking into the matter. In an update a few hours later, Musk said the previous team was a bit aggressive in suggesting spam bot accounts. “The team was a little too intense with spam/bot suspensions. We are switching to a cooling mode“, Musk noted.
Team was a bit too intense with spam/bot suspensions. Moving to chill mode.
– Elon Musk (@elonmusk) December 5, 2022
The founder of Dogecoin has confirmed that several accounts have come back to life once again. “Welcome back doge accounts. ty @elonmusk,” added Markus.
Dogecoin payments on Twitter
Elon Musk has once again hinted at the introduction of Dogecoin payments on Twitter, without saying anything specific about the timeline for the launch. During a Twitter exchange on Saturday, Elon Musk was asked if he planned to introduce crypto-currency payments on Twitter. In response to this question, Musk said, “From dogecoin to the moon“.
Elon Musk’s recent hint helped the price of DOGE rally over the past weekend. At press time, DOGE is trading above $0.10, with gains of 12% over the past week.
Dogecoin has been in the news recently, especially in the last month after Elon Musk finalized his acquisition of Twitter. The DOGE community is excited that with Musk at the helm of Twitter, they may soon see DOGE payments on the platform.
Over the past two weeks, the rise in the price of DOGE has dwarfed the gains of some of the major crypto-currencies like Bitcoin and Ether. However, on-chain data provider Santiment said investors should remain cautious. He adds:
“Whenever the price of DOGE starts to rise rapidly, there is a market crash moments later. Right now, we are seeing such a rise. The question now is whether this time is different.”
Interestingly, the OpenAI chatbot ChatGPT believes that Dogecoin is a valuable and legitimate asset in the financial world.