OG meme cryptocurrency Dogecoin [DOGE] rose to popularity for an array of reasons. Even though it started out as a joke, Tesla CEO Elon Musk has been a forefront proponent. After Musk took over Twitter, the community hoped to see an elevation of Dogecoin’s presence on the platform. On the contrary, however, a prominent DOGE tipping bot has been suspended on the social media platform.
Earlier today, several members of the Dogecoin community noted that the account “MyDogeTip” was suspended on Twitter. Users reached out to Twitter to resolve the issue, but the company hasn’t responded yet, at press time.
This tip bot has reportedly been in existence for quite some time. The community members even noted that there is no other cryptocurrency on Twitter that is as used as DOGE for tipping purposes.
Before Musk took over Twitter, the organization kickstarted a feature that would allow users to employ Ethereum [ETH] and Bitcoin [BTC] for tipping purposes. Amidst this, Dogecoin was thriving on Reddit. The number of DOGE tips, a year ago was 262,138 while Bitcoin’s was at 9,418. Therefore, the community wanted Dogecoin to be a part of Twitter’s tipping feature. Billy Markus, the co-founder of the DOGE network even formulated a petition to get the asset on the social media platform.
However, Twitter’s dynamics soon changed as Musk expressed interest in purchasing the company. While many assumed that Dogecoin would find a prominent place on Musk’s Twitter, the billionaire has been busy restructuring the firm.
Here’s what the Dogecoin community is scared of
With no response from Twitter, a plethora of speculations began surfacing. The majority of the community believed that it was mostly a mistake.
A few others were hoping that Twitter coin would not be replacing Dogecoin. Mishaboar, a Dogecoin community member said,
“Either a mistake or something to do with Twitter’s new suspension policies. I really really hope it has nothing to do with the other incentives Twitter is planning to add (like Twitter Coin), as that would not replace Dogecoin for me and a lot of other people.”
Earlier this week, it was reported that Twitter has been applying for regulatory licenses to veer into the payments business in the U.S. This news boosted the price of Dogecoin while its counterparts were enduring a correctional phase. The latest news, however, may pose a detrimental effect on the asset.