Crypto Twitter was quick to react to Elon Musk's announcement on Friday of Linda Yaccarino as the new CEO of the social media platform. Replies to the tweet were filled with memes of Pepe the Frog. Yaccarino will focus her energy on business operations while Musk plans to concentrate on product design and new technology. He also mentioned that the new head will be starting in about six weeks.

Twitter has become the leading communication channel for the crypto industry and Musk is known for driving crypto assets prices up with a single tweet. This week, he made the price of Milady Non-fungible Tokens rise drastically when he shared a meme of them. Pepe has also gained attention after its market capture experienced rapid growth, reaching a peak of $1.8 billion before dropping 24% day-to-day, with current market capitalization of just below half a billion US dollars.

Investors will be watching carefully to see the impact of Yaccarino becoming the new CEO. As the former head of advertising at NBCUniversal, she is well-versed in the industry, and her prior experience suggests she has the potential to take Musks's vision of an 'everything' platform to the next level. With her guidance, Twitter may transition from being a hub for Memecoins to supporting diversification in the industry.

Crypto Twitter is a fiercely opinionated community, and how it responds to the decision to appoint Yaccarino as the new CEO will be telling. Will she be welcomed, or will users be less receptive? If the past is anything to go by, Crypto Twitter will no doubt use memes and jokes to express either approval or disapproval of the new leadership.



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