Elon Musk's Twitter Bird Replaced with Shiba Inu, Dogecoin Surges in Response.
In a move that has sparked both curiosity and controversy, billionaire entrepreneur Elon Musk replaced the traditional Twitter bird logo with an image of a Shiba Inu, the canine mascot of the popular meme-inspired cryptocurrency dogecoin. The change, which was made on Monday afternoon, was met with a significant surge in the price of dogecoin.
Musk tweeted that he had "promised" to make the change, referencing a year-old conversation where another user suggested that Musk should replace the bird logo with a Shiba Inu. This move has been seen as an apparent nod to his own involvement with dogecoin, which is being sued by investors who claim that Musk is trying to prop up the cryptocurrency through his Twitter tweets.
Lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction," claiming that Musk's tweets are simply innocuous and often silly. However, dogecoin investors see it differently, accusing Musk of using his platform to pump up the price of the cryptocurrency in an attempt to support his own interests.
The change to the Twitter logo has been met with a mix of reactions from users, with some seeing it as a clever marketing ploy by Musk and others viewing it as a desperate attempt to revive the struggling cryptocurrency. Whatever the intention, the move seems to have had a significant impact on dogecoin's price, which surged more than 20% over the past 24 hours.
Dogecoin was created in December 2013 as a joke, but its popularity has endured thanks to its quirky Shiba Inu mascot and Musk's own involvement with the cryptocurrency. With the current surge in price, it remains to be seen whether dogecoin will continue to defy expectations and prove itself as a viable investment opportunity.
In a move that has sparked both curiosity and controversy, billionaire entrepreneur Elon Musk replaced the traditional Twitter bird logo with an image of a Shiba Inu, the canine mascot of the popular meme-inspired cryptocurrency dogecoin. The change, which was made on Monday afternoon, was met with a significant surge in the price of dogecoin.
Musk tweeted that he had "promised" to make the change, referencing a year-old conversation where another user suggested that Musk should replace the bird logo with a Shiba Inu. This move has been seen as an apparent nod to his own involvement with dogecoin, which is being sued by investors who claim that Musk is trying to prop up the cryptocurrency through his Twitter tweets.
Lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction," claiming that Musk's tweets are simply innocuous and often silly. However, dogecoin investors see it differently, accusing Musk of using his platform to pump up the price of the cryptocurrency in an attempt to support his own interests.
The change to the Twitter logo has been met with a mix of reactions from users, with some seeing it as a clever marketing ploy by Musk and others viewing it as a desperate attempt to revive the struggling cryptocurrency. Whatever the intention, the move seems to have had a significant impact on dogecoin's price, which surged more than 20% over the past 24 hours.
Dogecoin was created in December 2013 as a joke, but its popularity has endured thanks to its quirky Shiba Inu mascot and Musk's own involvement with the cryptocurrency. With the current surge in price, it remains to be seen whether dogecoin will continue to defy expectations and prove itself as a viable investment opportunity.