Dogecoin surges following Elon Musk’s replacement of Twitter’s bird logo with Shiba Inu

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Twitter recently made headlines by replacing its traditional bird icon with an image of a Shiba Inu, seemingly in a nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is currently facing a lawsuit over. Musk took to Twitter to address the change, sharing a year-old conversation where a user suggested changing the bird logo to a doge, indicating that it was a promise kept.

The doge logo made its debut on Twitter shortly after Musk defended himself against a $258 billion racketeering lawsuit linked to his support of dogecoin. Musk’s legal team dismissed the lawsuit as a work of fiction driven by his lighthearted tweets.

While it remains uncertain if the logo change is permanent, Musk is known for using Twitter to playfully interact with his audience. Notably, the price of dogecoin surged by more than 20% in the last 24 hours, hovering around 9 cents, up from just under 8 cents earlier that day.

Originally created as a joke by two software engineers on December 6, 2013, dogecoin draws inspiration from the “doge” meme that gained popularity ten years ago. The coin’s Shiba Inu mascot reflects the essence of the meme: a dog surrounded by Comic Sans text in broken English.

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