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Elon Musk's Twitter bird has been replaced with a Shiba Inu, sparking a surge in Dogecoin prices and fuelling speculation about the billionaire's involvement in the cryptocurrency.
In a move that appears to be an intentional nod to Dogecoin, which was created as a joke just over nine years ago by two software engineers, Musk tweeted "as promised" alongside an image of a 2022 conversation where someone suggested he change Twitter's logo to a Shiba Inu. The image first appeared on the site just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging that he had run a pyramid scheme to support Dogecoin.
Lawyers for Musk and Tesla claim the lawsuit by Dogecoin investors is "fanciful work of fiction" and an overreaction to what they call "innocuous and often silly tweets." However, it's unclear whether the Shiba Inu logo change was permanent or simply a one-off stunt. Musk has been known to use Twitter to troll both his fans and critics.
As a result of the move, Dogecoin prices have surged more than 20% in just 24 hours, reaching around 9 cents per coin. The cryptocurrency's price is notoriously volatile, but this latest spike suggests that some investors are taking Musk's tweet as a signal. Despite being created as a joke, Dogecoin has gained a significant following over the years and has been the subject of a number of high-profile lawsuits.
The Shiba Inu logo appears to be an intentional nod to the "doge" meme that became popular around a decade ago. The cryptocurrency's mascot is similarly styled - a dog surrounded by Comic Sans text in broken English.
In a move that appears to be an intentional nod to Dogecoin, which was created as a joke just over nine years ago by two software engineers, Musk tweeted "as promised" alongside an image of a 2022 conversation where someone suggested he change Twitter's logo to a Shiba Inu. The image first appeared on the site just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging that he had run a pyramid scheme to support Dogecoin.
Lawyers for Musk and Tesla claim the lawsuit by Dogecoin investors is "fanciful work of fiction" and an overreaction to what they call "innocuous and often silly tweets." However, it's unclear whether the Shiba Inu logo change was permanent or simply a one-off stunt. Musk has been known to use Twitter to troll both his fans and critics.
As a result of the move, Dogecoin prices have surged more than 20% in just 24 hours, reaching around 9 cents per coin. The cryptocurrency's price is notoriously volatile, but this latest spike suggests that some investors are taking Musk's tweet as a signal. Despite being created as a joke, Dogecoin has gained a significant following over the years and has been the subject of a number of high-profile lawsuits.
The Shiba Inu logo appears to be an intentional nod to the "doge" meme that became popular around a decade ago. The cryptocurrency's mascot is similarly styled - a dog surrounded by Comic Sans text in broken English.
. Like, what are the chances he just happens to tweet that image of the Shiba Inu and suddenly Dogecoin prices go through the roof? It's almost like he's trying to send a message, but to who exactly? The whole "fanciful work of fiction" thing from his lawyers sounds like a total cover-up to me 
. And let's be real, Musk has a history of playing pranks on Twitter that end up getting way more attention than he intended 
. I'm not saying it's a conspiracy or anything (okay, maybe a little), but something just doesn't add up about this whole thing... 
! like i know elon musk loves trolling but this time he's totes on brand with the shiba inu logo lol idk if its permanent or just a meme but either way i love it 
and btw who else is surprised dogecoin prices are thru the roof? 
20% surge in one day is wild 
like literally 9 years ago someone created Dogecoin as a meme and now it's worth 20% more just cuz Elon tweeted a pic of a cute dog 
his lawyers say the lawsuit is "fanciful work of fiction" but i call bs, dude's gotta be involved somehow 
. It's like, one minute Musk is trying to troll us and the next he's just being a total goofball with his Shiba Inu logo 
. I've seen more significant price movements in my morning coffee 
️. Still, it's kind of cool that Dogecoin has come full circle from being a joke cryptocurrency to actually having an impact on the market.
This platform is already cluttered with enough noise...