Elon Musk’s favorite memecoin Dogecoin faces a fresh setback. The removal of the canine logo from the D.O.G.E website sent shockwaves through its community. The price of Dogecoin now stands at a significant dip of 6 percent compared to a week ago. Investors are reacting strongly to the change, raising concerns about the token’s identity and future. Many are questioning whether this will affect its popularity amid a volatile crypto market. The immediate response from traders highlights the strong connection between branding and investor sentiment in cryptocurrency. For those holding DOGE, this news serves as a reminder of the inherent risks involved in the meme coin market. Monitoring upcoming trends will be essential as the crypto landscape continues to shift.