Twitter recently made headlines by replacing its iconic bird logo with an image of a Shiba Inu, which many believe is a nod to the popular joke cryptocurrency dogecoin. This move comes amidst CEO Elon Musk facing a lawsuit over his involvement with dogecoin.
Elon Musk himself addressed the logo change on Monday, sharing a year-old conversation where a user suggested changing Twitter’s logo to a doge. The change occurred just two days after Musk requested to dismiss a $258 billion racketeering lawsuit linked to his alleged support of dogecoin.
Lawyers representing Musk and Tesla have dismissed the lawsuit as a “fanciful work of fiction,” emphasizing that Musk’s tweets are often humorous and harmless. It is uncertain whether the new doge logo on Twitter is permanent, as Musk is known for using the platform to play pranks on both supporters and detractors.
Throughout all these developments, the price of dogecoin has surged by over 20% in the past 24 hours, reaching approximately 9 cents. Created in 2013 by two software engineers as a joke, dogecoin has since gained popularity, with its Shiba Inu mascot paying homage to the iconic “doge” meme.
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