In a surprise move, Twitter has replaced its iconic bird logo with an image of a Shiba Inu, the same breed featured on the face of the popular joke cryptocurrency Dogecoin. The logo change comes as CEO Elon Musk is facing a $258 billion lawsuit alleging he's running a pyramid scheme to support Dogecoin.
The swap was announced by Musk just two days after he asked a judge to dismiss the lawsuit. Twitter users pointed out the connection between the dog mascot on the new logo and Dogecoin, prompting Musk to tweet "as promised" - referencing an old conversation in which another user jokingly suggested Musk should replace the bird with a Shiba Inu.
The move has sparked some debate about whether the logo change is permanent or just a prank. However, its impact on the market can't be ignored: Dogecoin's price surged by over 20% in the past 24 hours to reach about 9 cents per coin - significantly higher than its value Monday morning.
It's worth noting that Dogecoin was created back in December 2013 as a joke cryptocurrency, inspired by a popular internet meme featuring Comic Sans text and a Shiba Inu dog. The fact that Musk is being sued over his alleged support for the currency has sparked some controversy - but it seems that the billionaire's penchant for trolling on Twitter has also got him some fans among Dogecoin enthusiasts.
As for whether the logo change was a genuine attempt to engage with the community, only time will tell. One thing is certain, though: the Shiba Inu mascot has certainly given Musk's Twitter account a unique touch - and maybe even sparked a new wave of enthusiasm for the beleaguered cryptocurrency.
The swap was announced by Musk just two days after he asked a judge to dismiss the lawsuit. Twitter users pointed out the connection between the dog mascot on the new logo and Dogecoin, prompting Musk to tweet "as promised" - referencing an old conversation in which another user jokingly suggested Musk should replace the bird with a Shiba Inu.
The move has sparked some debate about whether the logo change is permanent or just a prank. However, its impact on the market can't be ignored: Dogecoin's price surged by over 20% in the past 24 hours to reach about 9 cents per coin - significantly higher than its value Monday morning.
It's worth noting that Dogecoin was created back in December 2013 as a joke cryptocurrency, inspired by a popular internet meme featuring Comic Sans text and a Shiba Inu dog. The fact that Musk is being sued over his alleged support for the currency has sparked some controversy - but it seems that the billionaire's penchant for trolling on Twitter has also got him some fans among Dogecoin enthusiasts.
As for whether the logo change was a genuine attempt to engage with the community, only time will tell. One thing is certain, though: the Shiba Inu mascot has certainly given Musk's Twitter account a unique touch - and maybe even sparked a new wave of enthusiasm for the beleaguered cryptocurrency.