In a bizarre move, Twitter's iconic bird logo has been replaced with an image of a Shiba Inu - a nod to the cryptocurrency Dogecoin. The change comes just days after CEO Elon Musk was sued over allegations that he ran a pyramid scheme to support the digital currency.
Musk seemed to taunt his critics by tweeting "as promised" in reference to a year-old conversation where another user suggested that Musk should "just buy Twitter" and alter the bird logo to a doge. The image of the Shiba Inu appeared on Twitter two days later, prompting a surge in Dogecoin's price.
Despite the lawsuit, which claims that Musk is running a pyramid scheme, lawyers for Musk and Tesla have called it a "fanciful work of fiction" with no basis in reality. However, this latest move has sent Dogecoin's price soaring by over 20% in just 24 hours, to around 9 cents.
Dogecoin was created back in December 2013 as a joke, with its name and mascot inspired by the "doge" meme that became popular over a decade ago. The cryptocurrency is known for its volatility, but this latest price surge suggests that it may have gained some new traction - at least among Musk's followers.
It remains to be seen whether the Shiba Inu logo will become permanent, given Musk's history of using Twitter to troll both his fans and critics. But one thing is certain: Dogecoin has certainly gotten a boost from this latest development.
Musk seemed to taunt his critics by tweeting "as promised" in reference to a year-old conversation where another user suggested that Musk should "just buy Twitter" and alter the bird logo to a doge. The image of the Shiba Inu appeared on Twitter two days later, prompting a surge in Dogecoin's price.
Despite the lawsuit, which claims that Musk is running a pyramid scheme, lawyers for Musk and Tesla have called it a "fanciful work of fiction" with no basis in reality. However, this latest move has sent Dogecoin's price soaring by over 20% in just 24 hours, to around 9 cents.
Dogecoin was created back in December 2013 as a joke, with its name and mascot inspired by the "doge" meme that became popular over a decade ago. The cryptocurrency is known for its volatility, but this latest price surge suggests that it may have gained some new traction - at least among Musk's followers.
It remains to be seen whether the Shiba Inu logo will become permanent, given Musk's history of using Twitter to troll both his fans and critics. But one thing is certain: Dogecoin has certainly gotten a boost from this latest development.
I don't trust this move by Elon Musk at all 
. One minute he's running a pyramid scheme, the next he's using it to pump up his buddies' cryptocurrency 
. And now Twitter's logo is literally a meme? 
What's next? Are we gonna see a Pikachu or Hello Kitty take over too? 
I think this whole thing reeks of marketing ploy. I'm all for some fun and games, but when it comes to cryptocurrency and finances, let's keep our feet on the ground 
. Can't wait to see how this plays out! 
also that lawsuit tho... it seems like dogecoin is getting some extra attention for sure, gotta see how this plays out
i mean elon musk replaced the bird logo with a shiba inu and it's like, totally changing the game for dogecoin!!! 
i'm not surprised though, musk is always up to something crazy and i love it 
i've been following dogecoin for ages and i have to say, this is the best thing that's happened to it in a long time! 
so here's to musk and his shiba inu logo 
! It just goes to show that Elon Musk's got some serious influence over the crypto world 
. The fact that Dogecoin's price jumped up 20% in just 24 hours is wild 
, I guess this is the time to get in on the action 
. Just remember to keep your wallet secure and all that jazz 
. Anyway, it'll be interesting to see how this plays out in the long run. For now, I'm just gonna sit back, enjoy the ride, and maybe grab some Dogecoin before it all goes south 
The lawsuit is still going on, but I'm not sure how much of this is just Musk being his usual self and how much is actual business strategy. Either way, it's wild to see Dogecoin getting some new love from all the Musk stans out there 