Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

Elon Musk, Twitter's CEO, has made a significant change to the platform's iconic bird logo - replacing it with an image of a Shiba Inu, a nod to Dogecoin, a joke cryptocurrency that Musk is being sued over.

On Monday afternoon, Musk tweeted "as promised" in reference to a year-old conversation where another user suggested that Musk should just buy Twitter and change the bird logo to a doge. The doge logo appeared on the site just two days later.

The move has sent shockwaves through the cryptocurrency market, with Dogecoin's price soaring more than 20% over the past 24 hours. This is a significant turnaround from Monday morning when the coin was trading at around 8 cents per unit.

Dogecoin was created in December 2013 by two software engineers as a joke, with its name and mascot paying homage to the popular "doge" meme that gained traction a decade ago. The cryptocurrency's rise to prominence has been fueled largely by Musk's tweets about it, but now he appears to be embracing his newfound fame.

Musk's lawyers have dismissed the $258 billion lawsuit filed against him, calling it a "fanciful work of fiction." However, it remains unclear whether the logo change will become permanent or just another Twitter prank.

As with any Elon Musk move on Twitter, it is impossible to predict what's next. But one thing is certain - Dogecoin has gained significant attention in recent days, and its price is likely to continue to fluctuate as investors react to Musk's latest actions.
 
.. I think this is wild! 🤯 So Elon Musk changes the Twitter logo to a Shiba Inu and suddenly Dogecoin's value skyrockets? It's like he's playing with people's emotions, you know? On one hand, it's pretty cool that Dogecoin has become a thing, especially since it was created as a joke. But on the other hand, I don't think this is a good idea at all... I mean, what if Musk just decides to change his mind and go back to the old logo? It's like he's playing with fire here.

And have you seen the lawsuit against him? It's pretty hilarious, but also kinda serious. $258 billion is not something to be taken lightly. So yeah, Dogecoin might get a boost from this, but I think it's also gonna create more volatility and uncertainty for its users. Like, what's next? Is Musk gonna start selling his own brand of meme-themed merchandise or something?

The thing that really gets me is how unpredictable Elon is. One minute he's pushing the boundaries of space tech and the next he's changing Twitter logos like they're going out of style. It's like he's trying to keep us on our toes, you know? But sometimes I think he forgets that there are real people involved here, not just his followers on social media.

Anyway, one thing is for sure - this is a wild ride while it lasts! 🚀
 
I don’t usually comment but I think this is a pretty wild move by Elon Musk 🤯. Like, who would have thought that changing the Twitter logo to a Shiba Inu would send Dogecoin prices soaring? It's like he's trolling us and making a profit at the same time 😂. I'm not sure if it's a good or bad thing for the crypto market, but it's definitely getting people talking. And honestly, who knows what's going to happen next? Will this be a permanent change or just another Twitter prank? 🤔 Only time will tell, I guess.
 
OMG this logo change is SO FUNNY 🤣 I'm loving the doge vibes on Twitter now 🐶💕 Musk is such a goofball and it's awesome that he's bringing some humor to the platform 😂 his tweet about buying Twitter and changing the logo was so relatable 🤦‍♀️ anyway, i think this move will definitely get more people talking about Dogecoin and I'm here for it 💸👍
 
omg 🤯 just saw that Elon Musk changed the bird logo on Twitter to a Shiba Inu and I'm literally dead 😂! like, who knew Dogecoin was about to go from meme coin to serious player? 💸 it's wild how much attention the price has gotten since he tweeted about it. $20+ in 24 hours is insane 🚀 i'm no expert but it seems like people are taking Musk seriously this time. hope we see more innovative moves from him soon, even if they're just tweets 🤔
 
omg u wont believe whats going on with dogecoin!! 🐶🚀 elon just tweeted that the new logo is a thing now and its sent shockwaves thru the crypto market!!! 🤯 the price has shot up like 20% in just one day! 🤑 i was thinking it was just a joke when he first tweeted about buying twitter and changing the logo to a doge, but now its legit!! 🙌 i mean i guess elon's tweets have been making dogecoin's value go up for years now, so why not?!? 🤷‍♀️ anyway, its definitely going to be interesting to see what happens next with this whole thing... and whether the logo change becomes permanent or just another one of elons pranks 😂
 
omg u wont beleive wut just happend on twitter! elon musk changed the bird logo to a shiba inu lol i mean who would have thought he'd actually do it? and now dogecoin is thruugh the roof like 20% increase in price over the past day i guess that's what happens when u have a ceo who just wags his tweetin' tail @ elon musk lol anyway, can't say im surprised anymore...
 
omg I just saw that tweet from elon musk and I'm like totally confused 🤔 why change the logo to a shiba inu tho? i mean i get it dogecoin is a joke but can't we just keep the bird logo 🐦 or was it always meant for us to see this new one coming? 🤷‍♀️ I'm also kinda curious what's going on with that $258 billion lawsuit lol did elon even tweet about it or was it all silent like last time? 📣 anyway i guess dogecoin is making a comeback and i hope whoever owns it has fun with the money 💸
 
OMG u guys i cant even believe what just happened 🤯 like elon musk literally changed the twitter logo to a shiba inu now lol but seriously do u think he's trying to pump up dogecoin prices or is it just another prank? 🤑 i remember when this whole thing started and people were just joking about him buying twitter and changing the logo to a doge lol now its a full blown market movement 📈 and im literally living for it 💸 but at the same time its weird that he's embracing his dogecoin fame like what changed his mind? 🤔
 
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