Twitter recently made a surprising change by replacing its iconic bird logo with an image of a Shiba Inu, which many interpret as a reference to dogecoin, the jest cryptocurrency that Elon Musk is currently facing a lawsuit over. This change was met with curiosity from users, prompting Musk to respond on Monday, sharing a year-old conversation where someone suggested he should acquire Twitter and alter the logo to a doge. This alteration came just days after Musk sought dismissal of a $258 billion racketeering lawsuit alleging his involvement in a pyramid scheme to endorse dogecoin.
In response to the lawsuit, Musk’s legal team dismissed the claims made by dogecoin investors, labeling it as a “fanciful work of fiction” based on Musk’s harmless and at times humorous tweets. The significance of the logo change remains uncertain, as Musk is known to playfully engage with followers and adversaries alike on the platform.
This change unfolded as the value of dogecoin experienced a notable surge of over 20% in the past 24 hours, reaching approximately 9 cents, following closely below 8 cents on Monday morning. Dogecoin origins can be traced back to December 6, 2013, when two software engineers introduced it as a joke, deriving its name from the popular “doge” meme of the early 2010s. The canine mascot of a Shiba Inu embodies the essence of the meme, featuring a dog alongside Comic Sans text in quirky English.
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