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Twitter's iconic bird logo has been replaced with an image of a Shiba Inu, the canine companion of the cryptocurrency Dogecoin. The change was made by CEO Elon Musk, who tweeted that he had "promised" to make the switch after a user suggested it in a conversation years ago.
Musk's move comes as a lawsuit alleging that he used Dogecoin to run a pyramid scheme is still pending. Lawyers for Musk and Tesla claim that the lawsuit is based on "fanciful work of fiction" and have described his tweets about the cryptocurrency as "innocuous and often silly." However, the price of Dogecoin has surged more than 20% in just 24 hours, to around 9 cents.
Dogecoin was created in December 2013 by a pair of software engineers as a joke. The name is a nod to the popular "doge" meme from over a decade ago, which features an image of a Shiba Inu dog surrounded by Comic Sans text. Musk's decision to replace Twitter's logo with the Dogecoin mascot has sparked debate about his intentions and whether the change will be permanent.
It remains to be seen how long this new logo will remain on the platform. Musk is known for using Twitter to troll both his fans and critics, so it's possible that he may revert back to the traditional bird logo or make other changes in the near future. For now, Dogecoin enthusiasts are celebrating the price increase of their beloved cryptocurrency.
Musk's move comes as a lawsuit alleging that he used Dogecoin to run a pyramid scheme is still pending. Lawyers for Musk and Tesla claim that the lawsuit is based on "fanciful work of fiction" and have described his tweets about the cryptocurrency as "innocuous and often silly." However, the price of Dogecoin has surged more than 20% in just 24 hours, to around 9 cents.
Dogecoin was created in December 2013 by a pair of software engineers as a joke. The name is a nod to the popular "doge" meme from over a decade ago, which features an image of a Shiba Inu dog surrounded by Comic Sans text. Musk's decision to replace Twitter's logo with the Dogecoin mascot has sparked debate about his intentions and whether the change will be permanent.
It remains to be seen how long this new logo will remain on the platform. Musk is known for using Twitter to troll both his fans and critics, so it's possible that he may revert back to the traditional bird logo or make other changes in the near future. For now, Dogecoin enthusiasts are celebrating the price increase of their beloved cryptocurrency.