Why Shiba Inu Is Moving

Shiba Inu SHIB/USD is trading lower by 3.19% to $0.00001108 Wednesday afternoon, according to data from Benzinga Pro. The meme crypto is trading lower, potentially amid profit taking, after spiking higher during Monday's session in sympathy with Dogecoin after Doge's logo replaced the Twitter icon on the website's homepage.

The change to Twitter's logo during Monday's session comes amid countless disruptions that Elon Musk has made at Twitter since taking over the company late last year.

Most recently, major company Twitter accounts such as the New York Times announced that they would not pay for Twitter blue, and thus lose their blue check.

See Also: Could Dogecoin Reach $1 Trillion Market Cap? Wall Street Vet Sees Meme Coin Eventually Trading At Over $7