Elon Musk, who not long ago changed Twitter's corporate name to "X Corp.," has recently announced that he would be modifying the platform's logo as well. As part of this change, he had stated that he would be implementing 'X' as the new logo.

Rekindling the memory of his many tweets about Bitcoin and Dogecoin during the bull season of 2021, the world's richest businessman has once again made a move of note. Musk has now replaced the 'X' in his Twitter profile location with the letter "D", which is the logo for Dogecoin.

This latest step by Musk has swiftly caused a 6% increase in Dogecoin's value.

The 'X' tactic by Musk also led to a significant spike in a token named 'X' that was created in June. Following Musk's announcement yesterday, dozens of 'X' themed tokens were generated on numerous decentralized exchanges. It is worth recalling that in April, the well-known "blue bird" logo on Twitter was replaced with a Dogecoin graphic. This modification, which lasted approximately 4 days, was later reverted. However, during that period, Dogecoin experienced a rise of over 30%. Musk was subsequently sued for altering Twitter's logo and replacing it with the Dogecoin graphic.

The CEO of Tesla and SpaceX has been held accountable for major fluctuations in Bitcoin and Dogecoin throughout 2021, due to his numerous tweets and statements.