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.
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.