Dogecoin is up 35% since Monday following news that Elon Musk completed the deal to acquire social media giant Twitter. Doge raised his price 10% after Tesla’s CEO changed his Twitter bio to read “Chief of Twit” on Wednesday.

According to the CNBC report, Tesla CEO Elon Musk is now in charge of social media and online news platform Twitter in a $44 billion deal.

After a month of long battle between Musk and Twitter about the sale, Musk closed the deal on Friday.

Musk also decided to fire top executives, including CEO Parag Agrawal and Chief Financial Officer Ned Segal. According to the announcement, Twitter CEO Parag Agarwal and CFO Ned Segal have left the company’s San Francisco headquarters. CNBC reporter David Faber shared a tweet saying the executives are “not coming back.”

Musk expressed his excitement about closing the Twitter deal on Thursday, revealing the reason for the acquisition of the social media platform in a tweet: “Did he [bought Twitter] to try to help humanity, whom I love. And I do so with humility, recognizing that failure to achieve this goal, despite our best efforts, is a very real possibility.”

Faber expects more changes are likely within Twitter, as he believes Musk will lay off some of the company’s employees, as that number could reach “three-quarters of the staff.”

In terms of crypto, Dogecoin has been in a steady decline for several months, trading lower on the market. But that changed on Monday of this week when the value of the meme coin made a sudden appearance, recovering 25% on the week and rising 16% on Wednesday. The bulldog price is up 35% since the beginning of this week. At the time of writing, the price is down 2.64% and is now trading at $0.0745, according to CoinMarketCap.

Source: TradingView

Doge’s rise is far from a normal revival: It’s related to Elon Musk’s acquisition of Twitter, as the company’s purchase deadline approaches on Friday.

Musk has been the most visible and vocal supporter of the meme cryptocurrency, often influencing its price with his tweets and even endorsing it as a payment option in his Tesla merchandise store.

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