Elon Musk's Twitter Bird Replaced with Shiba Inu, Dogecoin Price Soars
In a move that has left many scratching their heads, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu - a dog breed that has become synonymous with the popular joke cryptocurrency dogecoin. The change was made just days after Musk tweeted about "as promised" in reference to a 2021 conversation where another user suggested he replace the bird logo with a doge.
The move comes as a lawsuit against Musk over alleged pyramid scheme tactics to support dogecoin gains momentum. Lawyers for Musk and Tesla have labeled the lawsuit a "fanciful work of fiction," claiming Musk's tweets are innocent and often silly. Despite this, the price of dogecoin has surged more than 20% in the past 24 hours.
It's worth noting that dogecoin was created back in December 2013 by two software engineers as a joke. The cryptocurrency's name is a nod to the "doge" meme that became popular about a decade ago, and its Shiba Inu mascot mirrors this theme: a dog surrounded by Comic Sans text in broken English.
The logo change could be seen as an endorsement of dogecoin, but it remains unclear whether it will become permanent. Musk is known for using Twitter to troll both his fans and critics, so one can only speculate on the true intentions behind this move.
One thing is clear, however: if Musk's tweets are having a direct impact on the price of dogecoin, then he has certainly succeeded in causing a stir. As of now, the price is hovering around 9 cents per coin - more than double its value from just under 8 cents Monday morning.
In a move that has left many scratching their heads, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu - a dog breed that has become synonymous with the popular joke cryptocurrency dogecoin. The change was made just days after Musk tweeted about "as promised" in reference to a 2021 conversation where another user suggested he replace the bird logo with a doge.
The move comes as a lawsuit against Musk over alleged pyramid scheme tactics to support dogecoin gains momentum. Lawyers for Musk and Tesla have labeled the lawsuit a "fanciful work of fiction," claiming Musk's tweets are innocent and often silly. Despite this, the price of dogecoin has surged more than 20% in the past 24 hours.
It's worth noting that dogecoin was created back in December 2013 by two software engineers as a joke. The cryptocurrency's name is a nod to the "doge" meme that became popular about a decade ago, and its Shiba Inu mascot mirrors this theme: a dog surrounded by Comic Sans text in broken English.
The logo change could be seen as an endorsement of dogecoin, but it remains unclear whether it will become permanent. Musk is known for using Twitter to troll both his fans and critics, so one can only speculate on the true intentions behind this move.
One thing is clear, however: if Musk's tweets are having a direct impact on the price of dogecoin, then he has certainly succeeded in causing a stir. As of now, the price is hovering around 9 cents per coin - more than double its value from just under 8 cents Monday morning.
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Elon Musk doing it again with his tweets and they're actually making a difference 
I'm not sure if he's trolling us or what but if dogecoin is really going to be on the rise because of him then good for those investors 
my kid was asking me about shiba inus the other day and I'm like "uh yeah they're cute dogs" 
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Only time (and Musk's next tweet) will tell! 
and what's up with dogecoin being so cheap in the first place? 8 cents? that's like pennies, bro! now it's like $9 and people are losing their minds 
The fact that the price of dogecoin has SOARED more than 20% just days after he tweeted about replacing the bird logo is just wild... I mean what are the odds?! 
And yeah, Musk is always trolling us on Twitter, but this time I think he might actually be trying to stir up some actual interest in dogecoin! 
anyway, it's wild to see the price surge like this. maybe musk just likes dogs or something 