Elon Musk's Twitter overhaul takes an unexpected turn, replacing the iconic bird logo with an image of a Shiba Inu, fueling speculation about his ties to Dogecoin.
The move came just days after Musk tweeted that he would "make the bird go away" and replace it with a doge, citing a year-old conversation in which another user joked about him buying Twitter and changing the logo to a Shiba Inu. This seemingly innocuous request has since taken on new meaning, following a recent high-profile lawsuit accusing Musk of running a pyramid scheme to support Dogecoin.
In response to the allegations, lawyers for Musk and Tesla referred to the lawsuit as "a fanciful work of fiction" and characterized it as an attempt to "make Elon Musk out to be something he's not." The legal spat has sparked a heated debate about the legitimacy of Dogecoin, with its value surging over 20% in the past 24 hours.
As for the logo change, its permanence remains uncertain. As Twitter is often subject to Musk's whims and pranks, it's difficult to say whether this alteration will stick. Nonetheless, the move has sent a clear signal that Dogecoin holds significant sway over the billionaire entrepreneur.
The origin of Dogecoin dates back to December 2013, when two software engineers created it as an internet joke. The cryptocurrency took on the name and mascot of the "doge" meme, featuring a Shiba Inu surrounded by Comic Sans text in broken English. The unlikely logo has now taken over Twitter's avian symbol, fueling speculation about Musk's motivations for the change.
The price surge in Dogecoin serves as a testament to its volatile nature, but also highlights the growing influence of this cryptocurrency among Elon Musk's supporters and detractors alike.
The move came just days after Musk tweeted that he would "make the bird go away" and replace it with a doge, citing a year-old conversation in which another user joked about him buying Twitter and changing the logo to a Shiba Inu. This seemingly innocuous request has since taken on new meaning, following a recent high-profile lawsuit accusing Musk of running a pyramid scheme to support Dogecoin.
In response to the allegations, lawyers for Musk and Tesla referred to the lawsuit as "a fanciful work of fiction" and characterized it as an attempt to "make Elon Musk out to be something he's not." The legal spat has sparked a heated debate about the legitimacy of Dogecoin, with its value surging over 20% in the past 24 hours.
As for the logo change, its permanence remains uncertain. As Twitter is often subject to Musk's whims and pranks, it's difficult to say whether this alteration will stick. Nonetheless, the move has sent a clear signal that Dogecoin holds significant sway over the billionaire entrepreneur.
The origin of Dogecoin dates back to December 2013, when two software engineers created it as an internet joke. The cryptocurrency took on the name and mascot of the "doge" meme, featuring a Shiba Inu surrounded by Comic Sans text in broken English. The unlikely logo has now taken over Twitter's avian symbol, fueling speculation about Musk's motivations for the change.
The price surge in Dogecoin serves as a testament to its volatile nature, but also highlights the growing influence of this cryptocurrency among Elon Musk's supporters and detractors alike.