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Twitter made headlines when it replaced its traditional bird icon with an image of a Shiba Inu, possibly in reference to dogecoin, the joke cryptocurrency entangled in a lawsuit with CEO Elon Musk. Musk acknowledged the change on Twitter, fulfilling a year-old suggestion by a user to switch the bird logo to a doge.
The doge logo swap coincided with Musk’s request to dismiss a $258 billion racketeering lawsuit accusing him of backing dogecoin through a pyramid scheme. Musk’s legal team denounced the lawsuit as a fantasy concocted by dogecoin investors who misconstrued his lighthearted tweets.
Musk’s whimsical antics on Twitter leave viewers wondering if the logo change is permanent, as his trolling of both supporters and adversaries is well-documented. Meanwhile, dogecoin experienced a surge of over 20% in value within 24 hours, reaching about 9 cents, slightly below 8 cents earlier in the day.
Created as a joke on December 6, 2013, by two software engineers, dogecoin pays tribute to the “doge” meme that gained popularity years ago. Its Shiba Inu mascot embodies the same spirit as the meme, featuring a dog surrounded by Comic Sans text written in playful broken English.