Elon Musk's Twitter logo overhaul has sparked a surge in the price of Dogecoin, the cryptocurrency he's at the center of a high-profile lawsuit over. The billionaire CEO replaced the traditional bird emblem with an image of a Shiba Inu, a canine mascot that is eerily similar to Dogecoin's own symbol.
Musk tweeted "as promised" alongside the image, which appears to be a nod to a 2021 conversation in which he was suggested by another user that he change the Twitter logo to a doge. The move comes just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit filed against him by Dogecoin investors, who claim he's running a pyramid scheme to prop up the struggling cryptocurrency.
Lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction" over his tweets. However, it seems that Musk is trying to get in on the good vibes – at least when it comes to Dogecoin. The price of the cryptocurrency has jumped by over 20% in the past 24 hours, trading at around 9 cents per coin.
Dogecoin was created as a joke back in December 2013 by two software engineers who wanted to poke fun at the "doge" meme that had gained popularity a decade earlier. The Shiba Inu mascot is a faithful recreation of this meme, complete with Comic Sans text and broken English.
It's unclear whether Musk intends for the logo change to be permanent, but it's clear that he's trying to generate some buzz around Dogecoin. One thing's for sure – investors are eating it up, at least for now.
Musk tweeted "as promised" alongside the image, which appears to be a nod to a 2021 conversation in which he was suggested by another user that he change the Twitter logo to a doge. The move comes just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit filed against him by Dogecoin investors, who claim he's running a pyramid scheme to prop up the struggling cryptocurrency.
Lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction" over his tweets. However, it seems that Musk is trying to get in on the good vibes – at least when it comes to Dogecoin. The price of the cryptocurrency has jumped by over 20% in the past 24 hours, trading at around 9 cents per coin.
Dogecoin was created as a joke back in December 2013 by two software engineers who wanted to poke fun at the "doge" meme that had gained popularity a decade earlier. The Shiba Inu mascot is a faithful recreation of this meme, complete with Comic Sans text and broken English.
It's unclear whether Musk intends for the logo change to be permanent, but it's clear that he's trying to generate some buzz around Dogecoin. One thing's for sure – investors are eating it up, at least for now.
i feel bad 4 the investors who r invested big time in this cryptocurrency, and now they're getting jacked 
u can imagine how frustrating it must be 2 see their investment drop like that 
but hey at least musk's tryin 2 stir up some excitement about it 
maybe he'll surprise us & it'll go back up 2 normal levels 
meanwhile, i gotta admit, the shiba inu logo is kinda adorbs 
like who wouldn't wanna see a Shiba Inu on their Twitter logo tho? but seriously, 258 billion lawsuit? that's some wild stuff . i got no love for Dogecoin myself, always thought it was just a joke, but I guess you can make money from pranks too. Musk is all about the drama, and now Dogecoin's getting a major boost 
anyway, gotta wonder what's behind this move... is musk just trolling us or is there more to it? also, can we talk about how dogecoin went from being a joke to this? 
i mean what even is going on here? 
and now his logo change just boosts the value of dogecoin? that's some sneaky marketing right there 
. Do you remember the early days of Dogecoin? It was this joke crypto project created back in 2013, and it's amazing how far it's come. And now here we are, with the Shiba Inu mascot getting its own Twitter logo 
! i'm no expert but it seems like a pretty big coincidence that this happens right after he changes the twitter logo to a shiba inu... is he trying to send some sort of signal or just generating good vibes for his own sake? 
. i'm just waiting to see what happens next... will he win the lawsuit or will dogecoin continue to soar? only time will tell 
But seriously though, 20% increase in Dogecoin price? 