Elon Musk's Twitter logo makeover has sent shockwaves through the cryptocurrency world, with Dogecoin experiencing a surge in value after the billionaire CEO replaced the site's traditional bird icon with an image of a Shiba Inu. The change comes just days after Musk was sued by investors over allegations that he orchestrated a pyramid scheme to support the popular meme coin.
Musk addressed the move on Twitter, tweeting "as promised" alongside a screenshot of a 2021 conversation where another user suggested he replace the bird logo with a doge image. The remark sparked speculation about whether the change would be permanent, given Musk's history of using social media to troll both his fans and critics.
The price of Dogecoin skyrocketed over 20% in the past 24 hours, reaching around 9 cents per coin, as investors snapped up shares ahead of what appears to be a settlement. The exact terms of the agreement were not disclosed, but lawyers for Musk and Tesla described the lawsuit filed by Dogecoin investors as "fanciful work of fiction."
Dogecoin was created in December 2013 by two software engineers as a joke, with its name paying homage to the popular "doge" meme. The Shiba Inu mascot, which features a dog surrounded by Comic Sans text in broken English, has become synonymous with the cryptocurrency.
It remains to be seen how long the Dogecoin surge will last, but for now, it appears that Musk's unconventional move to replace Twitter's logo with a Shiba Inu image has injected new life into the meme coin.
Musk addressed the move on Twitter, tweeting "as promised" alongside a screenshot of a 2021 conversation where another user suggested he replace the bird logo with a doge image. The remark sparked speculation about whether the change would be permanent, given Musk's history of using social media to troll both his fans and critics.
The price of Dogecoin skyrocketed over 20% in the past 24 hours, reaching around 9 cents per coin, as investors snapped up shares ahead of what appears to be a settlement. The exact terms of the agreement were not disclosed, but lawyers for Musk and Tesla described the lawsuit filed by Dogecoin investors as "fanciful work of fiction."
Dogecoin was created in December 2013 by two software engineers as a joke, with its name paying homage to the popular "doge" meme. The Shiba Inu mascot, which features a dog surrounded by Comic Sans text in broken English, has become synonymous with the cryptocurrency.
It remains to be seen how long the Dogecoin surge will last, but for now, it appears that Musk's unconventional move to replace Twitter's logo with a Shiba Inu image has injected new life into the meme coin.
. I mean, who else can turn a meme into a full-blown cryptocurrency boom? The Dogecoin surge is kinda cool, but also a bit wild 
. It's like he's trolling us into buying in on the meme coin and then... just goes with it. Either way, it's been entertaining to watch! 
. Now, let's see how Dogecoin holds up in the long run... but for now, I'll just enjoy the ride 
[Image of a Shiba Inu with a surprised expression]
9 cents per coin? Rich people, rich! 
[GIF of a person dancing in front of a stock market graph, waving a money bag] 
Meanwhile, Elon's trolling us all again... "as promised" 
[Image of a Shiba Inu giving the finger]
I've been seeing people talking about it nonstop and i'm like totally confused... so like, elon musk makes this huge change to twitter just days after being sued by investors over dogecoin and now the value is skyrocketing... 20% in 24 hours?! that's insane 
i mean, musk is known for using social media to mess with people, but this seems like a really big deal... and also, isn't dogecoin just some meme coin that's not even meant to be taken seriously? 
. But honestly, can we talk about how crazy it is that Musk is involved with Dogecoin in the first place? 
. Either way, it's been entertaining to watch the drama unfold! 