Twitter recently made headlines by replacing its iconic bird logo with an image of a Shiba Inu, a move believed to be inspired by dogecoin, the infamous meme cryptocurrency associated with CEO Elon Musk. This change came shortly after Musk addressed the alteration on Twitter, fulfilling a year-old suggestion from another user to switch Twitter’s logo to a doge.
The appearance of the doge logo on the platform coincided with Musk’s legal battles over the dogecoin. Musk filed a motion to dismiss a $258 billion racketeering lawsuit alleging his involvement in a pyramid scheme supporting dogecoin. Legal representatives for Musk and Tesla dismissed the lawsuit as a baseless claim, attributing it to Musk’s harmless and whimsical tweets.
While it remains uncertain if the logo change is permanent, Musk’s tendency to use Twitter for playful banter with supporters and detractors has been well-documented. Despite this, dogecoin’s value experienced a notable uptick of over 20% in the past day, currently sitting around 9 cents, after trading just under 8 cents on Monday morning.
The creation of dogecoin in December 2013 by two software engineers as a joke hinged on the popular “doge” meme from ten years ago. The playful Shiba Inu mascot embodies the essence of the meme, depicted as a dog amidst Comic Sans text written in a quirky, broken English style.
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