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Twitter recently made a bold move by swapping its iconic bird logo for an image of a Shiba Inu, which many saw as a nod to dogecoin. This change came shortly after CEO Elon Musk found himself in hot water due to a lawsuit related to the joke cryptocurrency.
Musk took to Twitter to address the logo change, sharing a screenshot of a conversation from a year ago where a user suggested replacing the bird logo with a doge. The timing of this switch is interesting, considering Musk recently faced a hefty racketeering lawsuit over allegations of supporting dogecoin through a pyramid scheme.
Lawyers representing Musk and Tesla dismissed the lawsuit as a “fanciful work of fiction” driven by his light-hearted tweets. Whether this new logo will be a permanent fixture remains uncertain, given Musk’s reputation for using Twitter to playfully engage with his followers and critics.
In the midst of these changes, dogecoin saw a significant spike in value, with a more than 20% increase over 24 hours. Originally created as a joke by two software engineers in 2013, dogecoin pays homage to the “doge” meme and features a Shiba Inu mascot surrounded by text in broken English reminiscent of the meme.
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