Elon Musk Unleashes Dogecoin's Potential with Twitter Bird Replacement.
In a move that sent shockwaves through the cryptocurrency world, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu, the mascot of Dogecoin, the joke cryptocurrency that has been at the center of a high-profile lawsuit against Musk. The change came on Monday afternoon, with Musk tweeting "as promised" in reference to a year-old conversation where another user suggested that Musk "just buy Twitter" and "change the bird logo to a doge."
The decision to swap out the bird logo for the Shiba Inu image was seen as a nod to Dogecoin's community of supporters, who have been advocating for the cryptocurrency in recent days. The change came just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the coin.
Lawyers for Musk and Tesla have described the lawsuit as a "fanciful work of fiction" with no basis in reality, arguing that Musk's tweets about Dogecoin are often "innocuous and silly." However, the suit has failed to gain traction among investors, who appear to be taking Musk at his word.
The move has sent the price of Dogecoin soaring over 20% in just 24 hours, with the cryptocurrency trading at around 9 cents per coin. The sudden surge in value has left many wondering if this is a sign that Dogecoin's fortunes are finally turning around after years of being ridiculed by skeptics.
As one of Musk's most loyal followers noted, the Shiba Inu image on Twitter represents more than just a quirky meme โ it represents a community that has been quietly building support for the cryptocurrency. Whether this change is permanent or not remains to be seen, but one thing is certain: Dogecoin has finally found its moment in the spotlight.
				
			In a move that sent shockwaves through the cryptocurrency world, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu, the mascot of Dogecoin, the joke cryptocurrency that has been at the center of a high-profile lawsuit against Musk. The change came on Monday afternoon, with Musk tweeting "as promised" in reference to a year-old conversation where another user suggested that Musk "just buy Twitter" and "change the bird logo to a doge."
The decision to swap out the bird logo for the Shiba Inu image was seen as a nod to Dogecoin's community of supporters, who have been advocating for the cryptocurrency in recent days. The change came just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the coin.
Lawyers for Musk and Tesla have described the lawsuit as a "fanciful work of fiction" with no basis in reality, arguing that Musk's tweets about Dogecoin are often "innocuous and silly." However, the suit has failed to gain traction among investors, who appear to be taking Musk at his word.
The move has sent the price of Dogecoin soaring over 20% in just 24 hours, with the cryptocurrency trading at around 9 cents per coin. The sudden surge in value has left many wondering if this is a sign that Dogecoin's fortunes are finally turning around after years of being ridiculed by skeptics.
As one of Musk's most loyal followers noted, the Shiba Inu image on Twitter represents more than just a quirky meme โ it represents a community that has been quietly building support for the cryptocurrency. Whether this change is permanent or not remains to be seen, but one thing is certain: Dogecoin has finally found its moment in the spotlight.