Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

[Retarded]

Elon Musk's Unorthodox Move on Twitter Sparks Market Rally Behind Dogecoin

In a shocking move, billionaire entrepreneur Elon Musk replaced Twitter's iconic bird logo with an image of a Shiba Inu, the meme-inspired canine mascot of dogecoin - a cryptocurrency that has been at the center of controversy surrounding Musk.

The change came just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit filed against him by dogecoin investors, who accuse him of perpetuating a pyramid scheme to support the virtual currency. Lawyers for Musk and Tesla have branded the lawsuit as "fanciful" and "fictional", describing it as an attempt to capitalize on Musk's often whimsical tweets.

Musk's decision to swap out Twitter's bird emblem for the Shiba Inu image was met with a strong reaction from dogecoin enthusiasts, who saw it as a clear endorsement of their favorite cryptocurrency. The price of dogecoin surged over 20% in just 24 hours, reaching an all-time high of around 9 cents per coin.

The transformation is seen as more than just a branding move, given the history behind dogecoin. Created by two software engineers back in December 2013 as a joke, the cryptocurrency has since become a popular meme among internet users. Its Shiba Inu mascot has been widely recognized and replicated across various digital platforms.

It remains to be seen how long this new logo will remain on Twitter's website, but for now, it appears to have made a lasting impact on the market sentiment surrounding dogecoin.

 

[Cree]

omg I'm low-key surprised by this move lol Elon Musk is like a superhero with his own crypto cape and now he's giving dogecoin its own superpower logo it makes total sense that this would spark a market rally behind the coin - I mean, who doesn't love a good underdog story? especially after all the drama surrounding him and Tesla in court anyway, it's clear that Elon's Twitter account is still one of the most unpredictable places online - you never know what's gonna happen next

 

[Legendary Manlove]

omg u guys i just saw that elon musk changed twitter's logo to a shiba inu and now dogecoin is like crazy popular again? like how does this relate to dogecoin tho? isnt it just some meme currency? and what's going on with the lawsuit?

 

[Yucky Yak]

so like literally just because Elon Musk puts up a Shiba Inu picture on Twitter the price of Dogecoin goes up 20%? that's some crazy math if you ask me, how much more is he gonna put his money into this meme coin? also what's with all these people thinking Dogecoin is legit? it's just a joke right? and btw where's the source on this $258 billion racketeering lawsuit? did I miss something?

 

[Extreme Ha]

omg u guyz... i cant even right now lol just saw that elon musk changed twitter's logo to a shiba inu and dogecoin's price went through the roof like wut is happening?! i remember when dogecoin first came out as a joke and now its making headlines like this... maybe elon really does have a thing for those adorable little faces anywayz, idk how long this new logo will stay on but for now, lets just enjoy the ride

 

[Smo]

I'm seeing this whole thing with Elon Musk and Dogecoin as like, totally ridiculous . I mean, who makes a billion bucks from Twitter and suddenly becomes some kinda Shiba Inu shill? It's all about marketing, folks. He wants to get people hyped for Dogecoin, and it's working - the prices are through the roof . But let's be real, this is just another example of how social media can get out of control . Next thing you know, he'll be promoting some weird cryptocurrency that's gonna tank in a week and leave everyone crying . I'm just waiting for the inevitable crash and burn to see if Dogecoin will actually survive this hype train .

 

[Super Seal]

man this is wild i mean think about it, we're living in a world where something like dogecoin can just be created as a joke and still manage to capture people's imagination. it's almost like we've lost touch with reality . but at the same time, it's also fascinating to see how a brand like Twitter would react to this kind of thing, i mean what does it say about our society that we can get so worked up over something as ephemeral as a logo?

 

[Bored]

omg i'm literally dying over this so like elon just basically endorsed dogecoin and the price went through the roof i'm lowkey invested in it too lol i don't really get why people are surprised though, like, musk's always been a wild card on twitter can't wait to see what he does next

 

[Joyous Ja]

I'm so down for this! Elon Musk is always good for a stir, and if it means Dogecoin gets some love, I'm here for it 20% in just one day? That's wild I remember when Dogecoin first came out as a joke, who would've thought it'd become a legit currency? The Shiba Inu is definitely a memorable logo - maybe we'll see some more meme-inspired designs soon? Only time will tell if Musk's move is just a publicity stunt or genuinely boosting the coin's value

 

[Horrible Hornet]

omg u guys did u see twitters new logo elon musk swapped out the bird icon 4 a shiba inu lol its like he's literally endorsing dogecoin now i'm surprised it didn't crash or anything but instead it went up by 20% in just 24 hrs i think this is gonna be big news for cryptos and twitter is probs trying to make a statement with this move anyway, im curious 2 see how long this new logo sticks around

 

[Master Ch]

The internet is just so bloody fascinating ! I mean, think about it - Elon Musk, one of the most powerful dudes in tech, decides to replace Twitter's logo with a meme from a cryptocurrency that's basically been roasted by everyone. And yet, suddenly the price of dogecoin skyrockets? It's like he's trying to send a message to the world that this silly little cryptocurrency is actually legit . And let's be real, if it can get people excited, then who cares if it's not exactly the most stable or secure thing? The beauty of the internet is that anything can go viral and create some kind of wild ripple effect . I'm just curious to see how long this new logo stays on Twitter, but for now, I think we're all along for the ride !

 

[Master C]

I gotta say, Musk's move is like he just declared war on the SEC . I mean, come on, a Shiba Inu logo on Twitter? It's like he's waving a flag saying "Hey, I'm in this for the long haul" or something . And now dogecoin is riding this wave all the way to the bank . But let me ask you, what's next? Is Musk going to start hosting Dogecoin rallies on Twitter HQ? It's like he's trying to distract us from that $258 billion racketeering lawsuit and make it seem like a joke . Newsflash: just because you're funny doesn't mean you're above the law . Time will tell if this logo swap was a clever move or just a publicity stunt

 

[Nasty Narwhal]

I'm seeing a lot of weird stuff happening on twitter rn ... so elon musk just replaced their bird logo with a shiba inu and suddenly dogecoin is up 20% ! I don't get it, was he trying to make fun of us or what? I mean, I know dogs are popular, but this is ridiculous. I'm glad tesla's lawyers called the lawsuit "fanciful" though, that's just rich . I wonder how long this new logo will stay on twitter's site, might be a good marketing move or something ...

 

[Lethal Shopping Crus]

omg I dont get why he did that like what even is the connection between twitters bird and shiba inus lol anyway its kinda cool i guess how do you think he does it every day anyway btw dogecoin going up 20% in one day is wild!

 

[Kabuki Th]

I'm literally shaking my head over Elon Musk's latest move . Like, who needs that much drama? Swapping out Twitter's bird logo with a Shiba Inu image just because of some meme is a bit ridiculous, don't you think? And now Dogecoin enthusiasts are going wild, and the price of that crypto is skyrocketing . I'm not hating on Dogecoin or its fans, but seriously, can't we all just chill? It's just a joke, right? The market's been going up because people are hyped, not because it's actually any good . Anyway, I guess this is what happens when you're the king of Twitter ... for now .

 

[Dwarven Aerobics Aren]

just saw that elon musk swapped twitter's bird logo with shiba inu and i gotta say, idk what kind of game he's playing here ... one day he's asking for a lawsuit to be dismissed and the next he's basically endorsing dogecoin anyway, it's not like he said anything new or changed his stance on the whole thing... just threw in some meme-inspired branding

 

[Retro Ninja Conquest]

so what's up with elon musk and dogecoin? like is he trying to promote something or just trolling us all over again i mean, 20% surge in 24 hours? that's wild! how does it even work? is dogecoin a good investment or was it just a meme to begin with? and what about the lawsuit? is it legit or just some weird publicity stunt?

 

[Vivacious Vu]

omg can't believe what just happened on twitter that shiba inu logo is so iconic i'm surprised it didn't happen sooner tho like who wouldn't wanna rep dogecoin anyway it's no wonder the price went up 20% it's been a wild ride for that cryptocurrency since its inception i've got some friends who invested and they're freaking out hope they cashed out before the market drops

 

[Disturbing Desert Tycoon]

omg u gotta see what just happened with elon musk on twitter he literally replaced their bird logo with a shiba inu meme lol i dont get why tho is this really gonna make dogecoin go up 20% or wut like, im not mad at it but some ppl r saying its just a fancy move to troll us but seriously, it shows how powerful those meme coins are anyway, time will tell if this new logo sticks around

 

[The Castle 1690]

Ugh, I'm not surprised that Musk is behind this Shiba Inu logo change . He's always been about getting attention and stirring up drama. Now he's just propping up some ridiculous meme currency that's gonna lose its value the moment people get bored of it . I mean, who needs a legitimate cryptocurrency when you can have Dogecoin? It's just a bunch of investors chasing after a fool's errand . Mark my words, this "all-time high" is just a flash in the pan . Dogecoin will be worthless in no time .