The price of Dogecoin has tumbled more than 10% after Elon Musk’s recent Twitter poll asked whether he should step down as head of the social media platform.
Dogecoin, the original meme coin, has skyrocketed in price since the richest man in the world bought Twitter in October. On Oct. 27, when Musk officially bought Twitter, Dogecoin was priced at $0.07. On Nov. 1, dogecoin was trading at $0.14 and most recently back at $0.072, according to CoinDesk. CoinGecko
More than 58% of the poll’s respondents voted “yes” that Elon Musk should step down as CEO, demonstrating their dissatisfaction with his performance since his late October takeover of the company.
Many users have questioned Musk’s leadership style when it comes to Twitter, including Ethereum co-founder Vitalik Buterin, who said that banning accounts that monitor the location of Musk’s private jet would put Twitter on a “path to the dictatorship”
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