Elon Musk's Unlikely Twitter Update Sends Dogecoin Prices Soaring
In a move that has left investors and the cryptocurrency community abuzz, Elon Musk, the CEO of Tesla and SpaceX, replaced Twitter's iconic bird logo with an image of a Shiba Inu, a breed of dog also associated with the meme-driven cryptocurrency Dogecoin.
Musk tweeted "as promised" in reference to a year-old conversation where another user suggested he buy Twitter and change the bird logo to a doge. The move came just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support Dogecoin.
The lawyers representing Musk and Tesla called the lawsuit "fanciful work of fiction" over what they claim are innocuous and often silly tweets by Musk. However, their claims may have backfired as the price of Dogecoin jumped more than 20% in the past 24 hours to around 9 cents per coin.
Dogecoin was created in December 2013 by a pair of software engineers as a joke, with its name and mascot inspired by the "doge" meme that became popular on the internet over a decade ago. The sudden surge in price has left many wondering if this will be the catalyst for Dogecoin's long-overdue appreciation.
It remains to be seen whether Musk's Twitter update is permanent or just another example of his penchant for trolling both fans and critics alike. One thing is certain, however - Elon Musk's actions have once again sent shockwaves through the cryptocurrency world.
In a move that has left investors and the cryptocurrency community abuzz, Elon Musk, the CEO of Tesla and SpaceX, replaced Twitter's iconic bird logo with an image of a Shiba Inu, a breed of dog also associated with the meme-driven cryptocurrency Dogecoin.
Musk tweeted "as promised" in reference to a year-old conversation where another user suggested he buy Twitter and change the bird logo to a doge. The move came just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support Dogecoin.
The lawyers representing Musk and Tesla called the lawsuit "fanciful work of fiction" over what they claim are innocuous and often silly tweets by Musk. However, their claims may have backfired as the price of Dogecoin jumped more than 20% in the past 24 hours to around 9 cents per coin.
Dogecoin was created in December 2013 by a pair of software engineers as a joke, with its name and mascot inspired by the "doge" meme that became popular on the internet over a decade ago. The sudden surge in price has left many wondering if this will be the catalyst for Dogecoin's long-overdue appreciation.
It remains to be seen whether Musk's Twitter update is permanent or just another example of his penchant for trolling both fans and critics alike. One thing is certain, however - Elon Musk's actions have once again sent shockwaves through the cryptocurrency world.
, I'm low-key excited about this lol! Like, who would've thought that a cute Shiba Inu pic on Twitter would send Dogecoin prices thru the roof? 
As for the lawsuit thingy, i think it's pretty clear that Elon's just trying to stir up some drama & get attention. And honestly, if it means more Dogecoin is being made, I'm all in 
! But, like, seriously though, 9 cents per coin? That's crazy rich 
! Guess you could say the dog has officially bitten Twitter 
. I mean who wouldn't want a cute Shiba Inu on their Twitter logo? it's about time they broke out the memes, tbh 
. Can we get a refund on our crypto investor anxiety meds yet? 
this is insane what even is happening with elon musk?? one sec he's trying to dismiss that lawsuit and the next thing we know his Twitter logo has changed to a cute little shiba inu 
and dogecoin prices are through the ROOF like 20% increase in just 24 hours?!?! i'm not even joking this is either the most genius move or the biggest troll ever lol idk what's going on with musk but one thing's for sure - he's a master of chaos 
either way, this is wild 
and why did Elon do this btw was he trolling us or something? 
also, can someone explain to me what a Shiba Inu even is? I thought they were just cute dogs? 
i need some advice pls
.
. And who knows, maybe Musk's just trolling us all again 