Twitter recently made waves by replacing its iconic bird logo with an image of a Shiba Inu, a move believed to be a cheeky reference to dogecoin, the cryptocurrency that CEO Elon Musk is facing legal action over. This change was addressed by Musk on Monday, where he shared an old conversation suggesting the switch to a doge logo, further fueling the speculation.
The appearance of the doge logo on Twitter comes hot on the heels of Musk’s plea to dismiss a hefty $258 billion racketeering lawsuit that alleged his involvement in a pyramid scheme to boost dogecoin. Musk’s legal team dismissed the lawsuit as a far-fetched fabrication fueled by Musk’s lighthearted tweets, labeling it as pure fiction. The ambiguity remains as to whether the logo change is a permanent fixture, especially considering Musk’s tendency to play pranks and stir up buzz on the platform.
In the midst of this Twitter logo shake-up, the price of dogecoin experienced a notable surge, climbing over 20% in the past 24 hours to approximately 9 cents, after hovering just below 8 cents earlier on Monday. The whimsical dogecoin, created in 2013 by two software engineers as a jest, has grown into a significant player in the cryptocurrency space. The name “dogecoin” pays homage to the popular “doge” meme that captured the internet’s attention years ago, symbolized by a Shiba Inu dog surrounded by Comic Sans text in a playful nod to its origins.
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