Elon Musk's Twitter makeover has sent shockwaves through the cryptocurrency world, as the billionaire CEO replaced the site's iconic bird logo with an image of a Shiba Inu, the canine mascot of Dogecoin, a joke cryptocurrency that Musk is being sued over.
The sudden change was revealed in a tweet by Musk on Monday afternoon, accompanied by a screenshot of a year-old conversation where another user jokingly suggested that Musk buy Twitter and change the bird logo to a doge. The move appears to be an apparent nod to Dogecoin, which has been gaining popularity among investors despite its dubious origins.
Dogecoin's price surged over 20% in the past 24 hours, reaching around 9 cents per coin, following news of Musk's tweet. This sudden price hike is likely due to speculation surrounding potential changes to Twitter's policies and the cryptocurrency market's general sentiment towards Dogecoin.
The lawsuit against Musk was filed by Dogecoin investors, who claim that he is running a pyramid scheme to support the cryptocurrency. However, lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction," labeling it an attempt to capitalize on Musk's "innocuous and often silly tweets."
Musk has been known to use Twitter to troll his fans and critics, making it unclear whether this logo change is permanent or just another one of his pranks. The Dogecoin community seems thrilled with the new development, with many investors seeing an opportunity to profit from the cryptocurrency's recent surge.
Dogecoin was created in 2013 as a joke by software engineers who drew inspiration from the "doge" meme, which became popular on the internet around that time. Its Shiba Inu mascot is a cartoon dog surrounded by Comic Sans text in broken English, mirroring the absurdity of its origins.
As Musk continues to wield his Twitter influence, one thing is clear: the cryptocurrency market is watching with bated breath, wondering what's next for this enigmatic billionaire and his penchant for surprising his fans.
The sudden change was revealed in a tweet by Musk on Monday afternoon, accompanied by a screenshot of a year-old conversation where another user jokingly suggested that Musk buy Twitter and change the bird logo to a doge. The move appears to be an apparent nod to Dogecoin, which has been gaining popularity among investors despite its dubious origins.
Dogecoin's price surged over 20% in the past 24 hours, reaching around 9 cents per coin, following news of Musk's tweet. This sudden price hike is likely due to speculation surrounding potential changes to Twitter's policies and the cryptocurrency market's general sentiment towards Dogecoin.
The lawsuit against Musk was filed by Dogecoin investors, who claim that he is running a pyramid scheme to support the cryptocurrency. However, lawyers for Musk and Tesla have dismissed the lawsuit as "fanciful work of fiction," labeling it an attempt to capitalize on Musk's "innocuous and often silly tweets."
Musk has been known to use Twitter to troll his fans and critics, making it unclear whether this logo change is permanent or just another one of his pranks. The Dogecoin community seems thrilled with the new development, with many investors seeing an opportunity to profit from the cryptocurrency's recent surge.
Dogecoin was created in 2013 as a joke by software engineers who drew inspiration from the "doge" meme, which became popular on the internet around that time. Its Shiba Inu mascot is a cartoon dog surrounded by Comic Sans text in broken English, mirroring the absurdity of its origins.
As Musk continues to wield his Twitter influence, one thing is clear: the cryptocurrency market is watching with bated breath, wondering what's next for this enigmatic billionaire and his penchant for surprising his fans.
meanwhile dogecoin is like 9 cents now and people are losing their shirts 
that shiba inu is adorbs tho 
meanwhile, those investors trying to sue him over pyramid scheme stuff? idk what they're expecting tbh 
"I'm not a pyramid scheme, I'm just a meme" 
It's just a bunch of guys messing around on the internet and making money off it. And now everyone's riding the coattails of Musk's Twitter antics?