Elon Musk's Twitter takeover continues to make headlines after the tech mogul replaced the platform's iconic bird logo with an image of a Shiba Inu, sparking widespread speculation about its connection to the meme cryptocurrency Dogecoin.
Musk took to Twitter on Monday afternoon to boast that he had made good on a promise to change the logo as requested by a user who suggested Musk "just buy Twitter" and swap out the bird for a doge. The move comes just days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support Dogecoin.
Lawyers representing Musk and Tesla have dismissed the lawsuit, labeling it as a "fanciful work of fiction." However, Dogecoin investors are celebrating the logo change, which has led to a significant surge in the cryptocurrency's price. Over the past 24 hours, Dogecoin has jumped more than 20%, now trading at around 9 cents per coin.
The creation of Dogecoin dates back to December 6, 2013, as a joke by two software engineers who drew inspiration from the "doge" meme that originated on social media platforms. The Shiba Inu mascot used in the logo is a nod to this meme, featuring a dog surrounded by Comic Sans text in broken English.
As for whether the new logo will be permanent, Musk's history of using Twitter as a tool for trolling both fans and critics means that no one can say for certain. One thing is clear, however: Dogecoin investors are having a field day after the news broke. The price increase has sent shockwaves through the cryptocurrency market, with some analysts predicting that Dogecoin could see even more gains in the days to come.
Musk took to Twitter on Monday afternoon to boast that he had made good on a promise to change the logo as requested by a user who suggested Musk "just buy Twitter" and swap out the bird for a doge. The move comes just days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support Dogecoin.
Lawyers representing Musk and Tesla have dismissed the lawsuit, labeling it as a "fanciful work of fiction." However, Dogecoin investors are celebrating the logo change, which has led to a significant surge in the cryptocurrency's price. Over the past 24 hours, Dogecoin has jumped more than 20%, now trading at around 9 cents per coin.
The creation of Dogecoin dates back to December 6, 2013, as a joke by two software engineers who drew inspiration from the "doge" meme that originated on social media platforms. The Shiba Inu mascot used in the logo is a nod to this meme, featuring a dog surrounded by Comic Sans text in broken English.
As for whether the new logo will be permanent, Musk's history of using Twitter as a tool for trolling both fans and critics means that no one can say for certain. One thing is clear, however: Dogecoin investors are having a field day after the news broke. The price increase has sent shockwaves through the cryptocurrency market, with some analysts predicting that Dogecoin could see even more gains in the days to come.
. So, Elon Musk decides to change Twitter's logo to a Shiba Inu and suddenly Dogecoin is worth more? Like, what's next? Is he going to swap out the sun for a cat? 
. It's all just a big joke, right? But seriously, who thought it was a good idea to base an entire cryptocurrency on a meme from 2013? 
And now people are actually investing in it? That's just crazy talk 
.
. Lawyers for Musk and Tesla think it's "fanciful work of fiction" but I'm no expert, can someone please explain what that even means? 
. The only thing I know is that Dogecoin is up 20% in the past 24 hours and people are celebrating like it's the best thing since sliced bread 
. Not impressed 
i mean who else can say they got their meme token recognized by a billionaire lol like elon musk just proved he's still down with doge 
and tbh it's pretty cool that he actually did what the user asked for instead of just ignoring them. but at the same time, this is all kinda weird... 
either way, dogecoin investors are winning today 
He's already got a history of using Twitter to stir up drama, so I wouldn't put it past him to pull off some kind of PR stunt. Still, Dogecoin fans are having a blast, and that's cool, but I'm keeping my eye on this one... 
esp dogecoin fans 
wut's up w/ dat lol 
! anyone think musk's tryna troll us 
but seriously, 20% surge in price is wild... wonder if this will be the catalyst for some bigger moves in the crypto world 
i feel like this is just the beginning too, who knows what other surprises musk has in store for us 
what if Musk really does change the logo forever? will that be good or bad for Twitter and its users? 
? It's like he raided Elon's grandma's desk drawer for inspiration 
. First, he gets sued for allegedly running a pyramid scheme and then he changes the logo to a Shiba Inu 
It's interesting to see how a seemingly random Twitter logo change can have such a significant impact on the crypto market. Musk's unpredictability is part of what makes him so intriguing, and it'll be fun to see how Dogecoin investors continue to ride this wave! 
, but also super confusing 
But seriously, it's like he's trying to send a message or something 
...and Elon's just tapping into that energy by embracing the meme culture 
! Who wouldn't want a Shiba Inu on their Twitter logo? 
.