Cyn dogelover, a Twitter user, raised the alarm about the reactivation of previously suspended Dogecoin-related Twitter accounts. The user tagged Twitter and Elon Musk to bring the incident to their attention. Billy Markus, the creator of Dogecoin, commented, saying those accounts were wrongfully suspended as they only posted memes and positivity and didn’t violate any Twitter rules.
Elon Musk replied to the thread, stating that the team was strict with spam suspensions and would soon go into “chill mode.” Billy Markus confirmed that the accounts were back to normal a few hours later. He tweeted, “Welcome back doge accounts. ty @elonmusk,”
Since Elon Musk’s acquisition of Twitter, there has been speculation about the reinstatement of banned accounts. The new Twitter CEO conducted a poll to find out what a majority of users preferred.
Team was a bit too intense with spam/bot suspensions. Moving to chill mode.
— Elon Musk (@elonmusk) December 5, 2022
Over 3.16 million users responded, with 72.4% voting to release banned accounts.
Since then, some accounts, including former POTUS Donald Trump’s, have been reactivated. Musk expressed his thoughts on the platform’s content policy, saying,
“Twitter will be forming a content moderation council with widely diverse viewpoints.”
Dogecoin, the meme coin, has recently been in the news due to speculations about its potential use for payment services on Twitter.
According to Business Insider, Musk plans to integrate payment services on Twitter. Data from CoinMarketCap shows the token’s price had rallied by 40% last week, outperforming Bitcoin and Ethereum.
Dogecoin remained closely tied to Musk’s public influence
Since the account controversy, Dogecoin has remained unusually sensitive to developments surrounding Musk and his companies.
Musk’s support has historically produced sharp DOGE price reactions, whether through posts, public comments or changes to X itself. One of the clearest examples came when Twitter temporarily replaced its familiar bird logo with the Dogecoin Shiba Inu image in 2023, triggering a rapid price jump. The influence of Musk’s public actions later became the subject of a high-profile investor lawsuit alleging manipulation, but the case was dismissed in August 2024, and the investors subsequently dropped their appeal.
Dogecoin now has more institutional access
In September 2025, the first U.S.-listed Dogecoin-focused ETF began trading under the ticker DOJE, giving investors a regulated investment product tied to the asset. The launch was a big move for a cryptocurrency that began as a joke in 2013 and spent years outside the institutional investment mainstream.
Dogecoin has also attracted interest from companies looking to replicate the corporate crypto treasury model popularized by Bitcoin-focused firms. CleanCore Solutions announced a $175 million private placement to establish what it described as an official Dogecoin treasury initiative backed by the Dogecoin Foundation and House of Doge.
The announcement, however, was followed by the company’s stock falling sharply after the news. Dogecoin’s connection to Musk remains one of its strongest sources of visibility, but the market has yet to see the strong integration that supporters have anticipated for years.
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