Elon Musk's Twitter bird has been replaced with a Shiba Inu image, sparking a surge in the value of Dogecoin, the cryptocurrency that is at the center of a lawsuit against Musk.
In a move that appears to be a nod to his beloved meme, Musk tweeted "as promised" alongside an image from 2022 where someone suggested he buy Twitter and change the bird logo to a doge. The Shiba Inu image has been on display for just two days after Musk asked a judge to dismiss a $258 billion lawsuit that claims he ran a pyramid scheme to support Dogecoin.
The lawsuit, filed by investors in Dogecoin, is characterized as a "fanciful work of fiction" by Musk's lawyers and Tesla. However, the cryptocurrency has seen a significant price increase over the past 24 hours, with its value rising more than 20% to about 9 cents per coin.
Dogecoin was created nearly a decade ago as a joke by two software engineers, but it gained popularity after becoming associated with the "doge" meme. The Shiba Inu mascot is a clear nod to this meme, featuring a dog surrounded by Comic Sans text in broken English.
It remains unclear whether the logo change will be permanent, given Musk's history of using Twitter to troll his fans and critics. Despite this, the sudden appearance of the Shiba Inu image on Twitter has sparked a surge of interest in Dogecoin, leading to significant price fluctuations in the cryptocurrency market.
In a move that appears to be a nod to his beloved meme, Musk tweeted "as promised" alongside an image from 2022 where someone suggested he buy Twitter and change the bird logo to a doge. The Shiba Inu image has been on display for just two days after Musk asked a judge to dismiss a $258 billion lawsuit that claims he ran a pyramid scheme to support Dogecoin.
The lawsuit, filed by investors in Dogecoin, is characterized as a "fanciful work of fiction" by Musk's lawyers and Tesla. However, the cryptocurrency has seen a significant price increase over the past 24 hours, with its value rising more than 20% to about 9 cents per coin.
Dogecoin was created nearly a decade ago as a joke by two software engineers, but it gained popularity after becoming associated with the "doge" meme. The Shiba Inu mascot is a clear nod to this meme, featuring a dog surrounded by Comic Sans text in broken English.
It remains unclear whether the logo change will be permanent, given Musk's history of using Twitter to troll his fans and critics. Despite this, the sudden appearance of the Shiba Inu image on Twitter has sparked a surge of interest in Dogecoin, leading to significant price fluctuations in the cryptocurrency market.