Billionaire and inventor Elon Musk bought Twitter for $44 billion and fueled the rise of DOGE. The deal is expected to close by the end of 2022 and Twitter will become a private company. Shares can be bought and sold only on the over-the-counter market.

Musk allocated $21 billion from personal funds to buy the social network. Another $25.5 billion was provided to the entrepreneur by a group of banks led by Morgan Stanley.

Dogecoin quotes reacted with a sharp increase to the news about the sale of Twitter. Over the past day, the meme-cryptocurrency has grown by 24.2%.

DOGE.USD/ photo: TradingView

On the evening of April 25, the price of DOGE reached $0.17 at the moment. Currently, the rate has corrected to around $0.15.


  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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