Twitter’s iconic bird logo has been replaced with a Shiba Inu image, which many attribute to dogecoin, the jest cryptocurrency linked to CEO Elon Musk’s recent legal battle. The change was acknowledged by Musk on Monday, assuring the alteration was delivered “as promised.” The shift was inspired by a year-old conversation where a suggestion was made for Musk to purchase Twitter and revamp the logo to a doge. This transformation transpired following Musk’s plea to dismiss a $258 billion racketeering lawsuit catering to allegations about his involvement in a pyramid scheme to boost dogecoin.
In contradiction to the claims, legal representatives for Musk and Tesla have deemed the lawsuit by dogecoin investors as a mere piece of imaginative writing over Musk’s harmless and quirky tweets. It remains uncertain if the logo makeover is permanent, given Musk’s tendency to employ Twitter to tease both supporters and dissenters.
Meanwhile, the value of dogecoin has experienced a more than 20% spike in the last 24 hours, reaching around 9 cents compared to trading just under 8 cents the prior morning. Originally conceived as a joke on December 6, 2013, by a pair of software engineers, dogecoin garners its name from the internet meme “doge” that gained popularity a decade ago. Bearing resemblance to the meme is its Shiba Inu mascot accompanied by Comic Sans text featuring broken English.
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