Arbinu Soars 20% Amidst Dogecoin Frenzy Triggered by Twitter Logo Change

From Doge to Arbinu 

Arbitrum-based meme coin Arbinu surged 20% on April 3 following Elon Musk changing Twitter's logo from a bluebird to a Shiba Inu.

Musk tweeted a meme about the Twitter logo change that featured a Shiba Inu image. As Twitter CEO Elon Musk changed the app logo from a bluebird to an image of a Shiba Inu dog, the price of cryptocurrency Dogecoin spiked about 30% on Monday.

Despite Musk's lack of explanation, some users speculated that it was meant to be an April Fool's gag.

The recent development follows Musk's request for a court in the US to dismiss a $258bn lawsuit filed against him by Dogecoin investors. According to Reuters, plaintiffs claimed Musk knew since 2019 that Dogecoin had no value but promoted the cryptocurrency to profit from its trading.

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Arbinu Burn and Whitepaper V1.2 

Worth noting, Arbinu also announced burning 1,431,000 $Arbinu recently as part of their regular burn. Further, the protocol released its Whitepaper V 1.2 with new tokenomics.

The meme coin project has recently launched staking on its platform. There are currently 830 $ARBINU stakers and 245,627,212 $ARBINU staked.

Last month, the Arbinu price soared more than 400% after the Arbitrum Foundation announced the $ARB airdrop. Later, the meme coin corrected by more than 50%. 

Arbinu($ARBINU) has a fully diluted market cap of $3.96 million and is trading at $0.003965, down 13.42% in 24 hours. Aside from Arbinu and Doge, Floki and Dogelon also saw surges of 13% and 12.5%, respectively.

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What is Arbinu:

Arbinu is a community-owned, fair-launched token created to provide a home for all Arbitrum members. According to Arbinu, the organization serves as a family where everyone has a seat at the table and can freely express themselves.

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Learn more about Arbinu:

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