Twitter recently made a bold move by replacing its traditional bird icon with an image of a Shiba Inu, symbolizing the popular joke cryptocurrency, dogecoin. This change came shortly after CEO Elon Musk faced a $258 billion lawsuit over his involvement with dogecoin. Musk acknowledged the shift on Monday, fulfilling a year-old suggestion to change the Twitter logo to a doge. This alteration occurred just days after Musk sought to dismiss the racketeering lawsuit, dismissing it as fanciful fiction concocted by dogecoin investors.
The doge logo’s appearance sparked speculation on whether this change is permanent, given Musk’s reputation for using Twitter to both engage and provoke his audience. Despite the uncertainty surrounding the logo switch, dogecoin’s value saw a significant spike of over 20% in the preceding 24 hours, trading at approximately 9 cents, up from just under 8 cents on Monday morning.
Dogecoin, initially created as a joke on December 6, 2013, by two software engineers, pays homage to the “doge” meme from the early 2010s. The cryptocurrency’s Shiba Inu mascot mirrors this meme, featuring a dog surrounded by Comic Sans text in quirky English.
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