Elon Musk's Twitter Bird Replaced with Shiba Inu, Boosting Dogecoin's Price.
In a sudden move, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu dog, a nod to the popular cryptocurrency dogecoin. The change came just two days after Musk asked a judge to dismiss a $258 billion lawsuit alleging he ran a pyramid scheme to support dogecoin.
The decision to swap out the iconic bird for a canine icon was announced on Twitter itself, with Musk tweeting "as promised" in reference to an old conversation where another user suggested that Musk could replace the bird logo with a doge. The move has sparked widespread attention and appeared to be a tongue-in-cheek gesture from Musk.
Lawyers representing Musk have described the lawsuit as a "fanciful work of fiction," claiming that his tweets about dogecoin were merely innocuous and silly remarks. However, the change in Twitter's logo seems to have had an unexpected impact on the cryptocurrency market.
Dogecoin saw its price surge over 20% in the past 24 hours, trading at around 9 cents per coin as of Monday afternoon. The cryptocurrency has been known for its volatility, but this sudden spike suggests that Musk's decision may have injected some new life into the dogecoin community.
Dogecoin was created just over a decade ago as a joke by two software engineers and has since become a symbol of internet culture. Its Shiba Inu mascot is a playful nod to an older meme, which features a picture of a Shiba Inu surrounded by Comic Sans text in broken English. The move may be seen as a clever marketing ploy or simply a reflection of Musk's eccentric personality.
The long-term implications of this change remain unclear, but for now, it appears that dogecoin is riding the wave of attention following Musk's tweet.
In a sudden move, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu dog, a nod to the popular cryptocurrency dogecoin. The change came just two days after Musk asked a judge to dismiss a $258 billion lawsuit alleging he ran a pyramid scheme to support dogecoin.
The decision to swap out the iconic bird for a canine icon was announced on Twitter itself, with Musk tweeting "as promised" in reference to an old conversation where another user suggested that Musk could replace the bird logo with a doge. The move has sparked widespread attention and appeared to be a tongue-in-cheek gesture from Musk.
Lawyers representing Musk have described the lawsuit as a "fanciful work of fiction," claiming that his tweets about dogecoin were merely innocuous and silly remarks. However, the change in Twitter's logo seems to have had an unexpected impact on the cryptocurrency market.
Dogecoin saw its price surge over 20% in the past 24 hours, trading at around 9 cents per coin as of Monday afternoon. The cryptocurrency has been known for its volatility, but this sudden spike suggests that Musk's decision may have injected some new life into the dogecoin community.
Dogecoin was created just over a decade ago as a joke by two software engineers and has since become a symbol of internet culture. Its Shiba Inu mascot is a playful nod to an older meme, which features a picture of a Shiba Inu surrounded by Comic Sans text in broken English. The move may be seen as a clever marketing ploy or simply a reflection of Musk's eccentric personality.
The long-term implications of this change remain unclear, but for now, it appears that dogecoin is riding the wave of attention following Musk's tweet.
its like he's literally trolling us or something and tbh i kinda love it idk what to make of dogecoin tho its been around for ages but i guess now it's more "mainstream" lol my friend has a huge collection of cryptocurrency memes on tiktok and hes low-key obsessed with dogecoin 
i'm not saying i'll start buying some or anything but i do have like 5 dollars in my crypto wallet just in case
so I think what's going on here is a perfect example of how social media can be super unpredictable and influence real-world markets 
. like, people were talking about dogecoin just as a joke, but then suddenly it becomes this thing that people are taking seriously 
. and now everyone's all over the place - some people are celebrating, others are crying "scam" 
. I mean, who wouldn't want to see a Shiba Inu on their Twitter bird? 
it's like he took something that was already kinda silly and turned it into this massive marketing opportunity 
.
. it'll be interesting to see how things play out in the long run 
.
idk what to make of this... like, elon musk is literally changing twitter's logo to a shiba inu and suddenly dogecoin's price shoots up? 
it's almost like he wants people to talk about it more. but at the same time, isn't that just marketing? 
or maybe it's just a weird internet thing and we'll all be like "oh yeah" in 5 years. 
!
. Musk's been known for his antics and if people want to jump on the bandwagon, that's their prerogative 
.