Dogecoin jumps more than 20% after Twitter agrees to Elon Musk’s buyout deal

The price of $Dogecoin (DOGE.CC)$ popped on Monday afternoon following news that Twitter has accepted Elon Musk’s buyout deal.
The meme cryptocurrency jumped as much as about 27% after the announcement that $Twitter (Delisted) (TWTR.US)$ will be purchased by an entity owned by the $Tesla (TSLA.US)$ CEO.
Dogecoin was last up 24.3%. Meanwhile, Twitter shares ended the day 5.6% higher.
In addition to being a dogecoin influencer, Musk’s Tesla is one of the biggest corporate buyers of bitcoin. Those who hope to see Twitter integrate more crypto native features will be keeping an eye on whether or how Musk prioritizes crypto. Bitcoin’s censorship-resistant nature on the surface aligns with Musk’s vision for a free speech utopia.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement Monday.