Elon Musk's Twitter Bird Replaced with Shiba Inu Logo in Bizarre Move That Sends Dogecoin Price Soaring.
In a stunning move, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu dog - a nod to his own embattled cryptocurrency, Dogecoin. The sudden change came just two days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support the popular joke cryptocurrency.
According to sources, the Shiba Inu logo appeared on Twitter's site as promised by Musk in a conversation with another user from 2021, where they jokingly suggested that Musk "just buy Twitter" and change the bird logo to a Dogecoin image. The move seems to be an apparent acknowledgment of his role in fueling the Dogecoin craze.
Dogecoin's price surged more than 20% over the past 24 hours, reaching about 9 cents per coin - a significant increase from its trading price just under 8 cents on Monday morning.
The lawsuit by dogecoin investors was described as a "fanciful work of fiction" by lawyers for Musk and Tesla. However, it remains unclear whether the logo change is permanent, given Musk's history of using Twitter to troll both his fans and critics.
Dogecoin itself was created in 2013 as a joke by two software engineers, with its name and Shiba Inu mascot paying homage to an internet meme from a decade ago. The cryptocurrency has been known for its price volatility, but the latest surge is likely linked to the Twitter change - or perhaps a marketing stunt gone viral.
As the situation unfolds, it's clear that Musk's tweet-filled antics have once again sent shockwaves through the cryptocurrency market - and the world of internet memes at large.
In a stunning move, Twitter CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu dog - a nod to his own embattled cryptocurrency, Dogecoin. The sudden change came just two days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support the popular joke cryptocurrency.
According to sources, the Shiba Inu logo appeared on Twitter's site as promised by Musk in a conversation with another user from 2021, where they jokingly suggested that Musk "just buy Twitter" and change the bird logo to a Dogecoin image. The move seems to be an apparent acknowledgment of his role in fueling the Dogecoin craze.
Dogecoin's price surged more than 20% over the past 24 hours, reaching about 9 cents per coin - a significant increase from its trading price just under 8 cents on Monday morning.
The lawsuit by dogecoin investors was described as a "fanciful work of fiction" by lawyers for Musk and Tesla. However, it remains unclear whether the logo change is permanent, given Musk's history of using Twitter to troll both his fans and critics.
Dogecoin itself was created in 2013 as a joke by two software engineers, with its name and Shiba Inu mascot paying homage to an internet meme from a decade ago. The cryptocurrency has been known for its price volatility, but the latest surge is likely linked to the Twitter change - or perhaps a marketing stunt gone viral.
As the situation unfolds, it's clear that Musk's tweet-filled antics have once again sent shockwaves through the cryptocurrency market - and the world of internet memes at large.