Elon Musk's Twitter bird logo has been replaced with an image of a Shiba Inu, the breed behind the popular cryptocurrency Dogecoin, sending shockwaves through the financial markets. The change comes just days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support Dogecoin.
In a tweet on Monday, Musk confirmed that he had indeed made the change, saying "as promised" in reference to an old conversation where someone suggested he should just buy Twitter and replace the bird logo with a Dogecoin mascot. The move appears to be a tongue-in-cheek nod to his involvement with the cryptocurrency.
The lawsuit by Dogecoin investors was deemed a "fanciful work of fiction" by Musk's lawyers, who claim that his tweets are often innocuous and silly. However, the price of Dogecoin has seen a significant spike since the logo change, jumping over 20% in the past 24 hours to around 9 cents per coin.
Dogecoin was created in 2013 as a joke by two software engineers, who named it after a popular internet meme featuring a Shiba Inu dog. The cryptocurrency's popularity has waxed and waned over the years, but its value is once again on the rise due to Musk's involvement.
It remains unclear whether the logo change will be permanent, as Musk is known for using Twitter to troll both his fans and critics. One thing is certain, however: Dogecoin's price is on the move, and investors are taking notice.
In a tweet on Monday, Musk confirmed that he had indeed made the change, saying "as promised" in reference to an old conversation where someone suggested he should just buy Twitter and replace the bird logo with a Dogecoin mascot. The move appears to be a tongue-in-cheek nod to his involvement with the cryptocurrency.
The lawsuit by Dogecoin investors was deemed a "fanciful work of fiction" by Musk's lawyers, who claim that his tweets are often innocuous and silly. However, the price of Dogecoin has seen a significant spike since the logo change, jumping over 20% in the past 24 hours to around 9 cents per coin.
Dogecoin was created in 2013 as a joke by two software engineers, who named it after a popular internet meme featuring a Shiba Inu dog. The cryptocurrency's popularity has waxed and waned over the years, but its value is once again on the rise due to Musk's involvement.
It remains unclear whether the logo change will be permanent, as Musk is known for using Twitter to troll both his fans and critics. One thing is certain, however: Dogecoin's price is on the move, and investors are taking notice.
whoever thought replacing the bird logo with a shiba inu was a good idea must've been having a laugh . like come on, dogecoin is still a joke to most ppl and now it's getting serious? 
either way, i'm loving the entertainment value 
i mean elon musk is already a genius in like every other area of his life but now he takes over twitter 
with a shiba inu logo its wild to see how that little meme has taken over the financial world 
but seriously who knew dogecoin had so much power behind it? anyway its pretty cool to see elon musk just going for it and trolling everyone at the same time 
. I mean, it's definitely a bold move, and who doesn't love a good meme? But at the same time, I'm not entirely sure if this is a smart business move... I mean, has he really thought through the potential consequences of making a cryptocurrency like Dogecoin all the more popular overnight? 
.
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one thing for sure though, this is making my wallet (sort of) happy 
!
either way, I'm keeping an eye on Dogecoin's price... who knows, maybe I'll make a profit 
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Like, I get it, he was joking around but come on, $258 billion lawsuit aside, can't he just buy Twitter already? 
And what's up with the logo change being permanent? Is Musk going to start using Dogecoin to pay for his Mars colonization plans or something? 
about it! like who wouldn't want to see more cute pups on Twitter? 
the fact that Dogecoin's price is jumping through the roof 
and if it makes Dogecoin's value go up 
, then I'm here for it! 
As for the lawsuit tho, idk if it's entirely unfounded... Musk's tweets can be pretty sketchy sometimes