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Elon Musk's Twitter Bird Ditched for Shiba Inu Image, Dogecoin Price Soars
In a bizarre move, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu, the canine mascot associated with the popular cryptocurrency dogecoin. The change came just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the dogecoin.
The shift in branding was announced on Twitter itself, with a tweet by Musk that read "as promised." The move appears to be a nod to a year-old conversation where another user suggested changing the bird logo to a Shiba Inu. It's unclear whether the change is permanent, given Musk's history of using social media to troll his fans and critics.
The decision has sent dogecoin prices soaring, with the cryptocurrency surging more than 20% in the past 24 hours to around 9 cents per coin. The sudden price hike has sparked interest from investors, who may see the move as a vote of confidence in Musk's plans for dogecoin.
Interestingly, dogecoin was created back in December 2013 by a pair of software engineers as a joke. The name is a reference to the "doge" meme that became popular around the same time, and the Shiba Inu mascot mimics this meme β a dog surrounded by Comic Sans text in broken English.
The lawsuit accusing Musk of running a pyramid scheme to support dogecoin has been dismissed as "fanciful work of fiction" by lawyers for both Musk and Tesla. While it's unclear whether the logo change will stick, one thing is certain: Elon Musk is still known for keeping his fans guessing on social media.
In a bizarre move, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu, the canine mascot associated with the popular cryptocurrency dogecoin. The change came just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the dogecoin.
The shift in branding was announced on Twitter itself, with a tweet by Musk that read "as promised." The move appears to be a nod to a year-old conversation where another user suggested changing the bird logo to a Shiba Inu. It's unclear whether the change is permanent, given Musk's history of using social media to troll his fans and critics.
The decision has sent dogecoin prices soaring, with the cryptocurrency surging more than 20% in the past 24 hours to around 9 cents per coin. The sudden price hike has sparked interest from investors, who may see the move as a vote of confidence in Musk's plans for dogecoin.
Interestingly, dogecoin was created back in December 2013 by a pair of software engineers as a joke. The name is a reference to the "doge" meme that became popular around the same time, and the Shiba Inu mascot mimics this meme β a dog surrounded by Comic Sans text in broken English.
The lawsuit accusing Musk of running a pyramid scheme to support dogecoin has been dismissed as "fanciful work of fiction" by lawyers for both Musk and Tesla. While it's unclear whether the logo change will stick, one thing is certain: Elon Musk is still known for keeping his fans guessing on social media.