Elon Musk's Twitter Bird Replaced with Shiba Inu, Boosts Dogecoin Value
In a move that has sent shockwaves through the cryptocurrency market, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu, a dog breed closely associated with the joke cryptocurrency Dogecoin. The change comes just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of promoting a pyramid scheme to support the value of Dogecoin.
The new logo was posted on Twitter two days ago, in a tweet that read: "as promised" - a nod to an old conversation where another user suggested Musk replace the bird logo with a doge. The move appears to be a tongue-in-cheek gesture from Musk, who is also being sued by Dogecoin investors.
Lawyers for Musk and Tesla have dismissed the lawsuit as a "fanciful work of fiction" over Musk's "innocuous and often silly tweets". However, it seems that Musk has won this round, at least when it comes to the value of Dogecoin. The cryptocurrency surged by more than 20% in just 24 hours, reaching about 9 cents per coin.
Dogecoin was created back in December 2013 as a joke, with its name and Shiba Inu mascot paying homage to a popular internet meme from years ago. Despite being initially intended as a parody, Dogecoin has gained a surprisingly significant following - and now, thanks to Musk's tweet, it seems that its value is about to take off even further.
It remains to be seen whether the new logo will become permanent or if this was just another one of Musk's Twitter pranks. One thing is for sure: Dogecoin's price has definitely taken flight in recent hours - and investors are taking notice.
In a move that has sent shockwaves through the cryptocurrency market, Elon Musk has replaced Twitter's traditional bird logo with an image of a Shiba Inu, a dog breed closely associated with the joke cryptocurrency Dogecoin. The change comes just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of promoting a pyramid scheme to support the value of Dogecoin.
The new logo was posted on Twitter two days ago, in a tweet that read: "as promised" - a nod to an old conversation where another user suggested Musk replace the bird logo with a doge. The move appears to be a tongue-in-cheek gesture from Musk, who is also being sued by Dogecoin investors.
Lawyers for Musk and Tesla have dismissed the lawsuit as a "fanciful work of fiction" over Musk's "innocuous and often silly tweets". However, it seems that Musk has won this round, at least when it comes to the value of Dogecoin. The cryptocurrency surged by more than 20% in just 24 hours, reaching about 9 cents per coin.
Dogecoin was created back in December 2013 as a joke, with its name and Shiba Inu mascot paying homage to a popular internet meme from years ago. Despite being initially intended as a parody, Dogecoin has gained a surprisingly significant following - and now, thanks to Musk's tweet, it seems that its value is about to take off even further.
It remains to be seen whether the new logo will become permanent or if this was just another one of Musk's Twitter pranks. One thing is for sure: Dogecoin's price has definitely taken flight in recent hours - and investors are taking notice.
! it just shows how much he loves dogecoin & now its value is thru the roof 
! i think its a clever move, but also kinda suspicious 
. anyway, good on musk for showin his support 4 dogecoin - may b it will be a game changer for the crypto world 
#dogecoin #cryptocurrency #elonmusk
i mean, who wouldn't want a cute little SHIBA INU on their logo?! it's like musk is giving dogecoin the recognition it deserves! and 20% in just 24 hours?! wOWZA that's some crazy gains! i'm totally curious to see if this new logo becomes permanent or if it was just another one of musk's jokes. either way, i'm here for the dogecoin hype 
I mean, come on... Elon Musk is basically trying to single-handedly keep Dogecoin afloat with this logo swap 
The fact that Dogecoin surged by 20% just because of Musk's tweet kinda feels like a publicity stunt to me... 
.
I'm actually kinda stoked about this whole situation, you know? Like, Elon's not trying to take himself too seriously, and the fact that he's poking fun at his own image on Twitter is pretty refreshing 
. And who knows, maybe it'll bring more attention to Dogecoin and show that even these seemingly 'joke' cryptocurrencies have some real-world value 
.
. And can we talk about how Dogecoin is on a roll right now? 20% in 24 hours is insane 
Only time will tell!
Replacing the bird logo with a Shiba Inu was a genius move - it's all about the hype and creating FOMO (fear of missing out). The fact that Dogecoin's value skyrocketed by 20% in just 24 hours is a testament to Musk's power. But, I gotta ask, what's next? Is this gonna be a permanent change or another Twitter prank? 
. I've been following Dogecoin for ages, it's always been that one meme coin everyone loves to hate 
. if this is what he thinks is gonna get him out of trouble, i'm not holding my breath... 