Elon Musk's Twitter switch-up has sent shockwaves through the cryptocurrency world, as he replaced the platform's iconic bird logo with an image of a Shiba Inu - a nod to dogecoin, the meme-based cryptocurrency at the center of a $258 billion racketeering lawsuit.
In a tweet that promised to deliver on a years-old joke, Musk posted an image of a conversation from 2021 in which another user suggested he "just buy Twitter" and swap out the bird logo for a doge. The move was made just two days after Musk filed to dismiss the lawsuit, in which investors accuse him of running a pyramid scheme to support dogecoin.
Lawyers for Musk and Tesla have called the lawsuit a "fanciful work of fiction" over Musk's supposed innocuous tweets about dogecoin, but it appears that Musk has taken things one step further by incorporating the cryptocurrency into his Twitter brand. The exact nature of this change is unclear, with some speculating that it could be permanent.
In response to the logo switch, the price of dogecoin surged more than 20% in just 24 hours, reaching around 9 cents per coin - a significant increase from its morning value of just under 8 cents. The cryptocurrency was created back in 2013 as a joke by a pair of software engineers, with its mascot mimicking the "doge" meme that became popular online.
While Musk has been known to use Twitter as a platform for trolling his fans and critics alike, this latest move appears to be more than just an exercise in social media savvy. It's a bold statement that could potentially shift the public perception of dogecoin - and cement its place as one of the most talked-about cryptocurrencies on the market.
In a tweet that promised to deliver on a years-old joke, Musk posted an image of a conversation from 2021 in which another user suggested he "just buy Twitter" and swap out the bird logo for a doge. The move was made just two days after Musk filed to dismiss the lawsuit, in which investors accuse him of running a pyramid scheme to support dogecoin.
Lawyers for Musk and Tesla have called the lawsuit a "fanciful work of fiction" over Musk's supposed innocuous tweets about dogecoin, but it appears that Musk has taken things one step further by incorporating the cryptocurrency into his Twitter brand. The exact nature of this change is unclear, with some speculating that it could be permanent.
In response to the logo switch, the price of dogecoin surged more than 20% in just 24 hours, reaching around 9 cents per coin - a significant increase from its morning value of just under 8 cents. The cryptocurrency was created back in 2013 as a joke by a pair of software engineers, with its mascot mimicking the "doge" meme that became popular online.
While Musk has been known to use Twitter as a platform for trolling his fans and critics alike, this latest move appears to be more than just an exercise in social media savvy. It's a bold statement that could potentially shift the public perception of dogecoin - and cement its place as one of the most talked-about cryptocurrencies on the market.
. musk's all about stirring up drama and getting a rise outta people, but this time he's taking it to a whole new level. i mean, why would he just change the logo for no reason? maybe there's more to it than meets the eye... some ppl say its all about dogecoin, others think its a clever ploy to distract from the lawsuit 
. either way, its clear that musk's got an agenda here and im not buying what he's selling 
.
I'm surprised Dogecoin is getting so much attention, especially after being involved in a $258 billion lawsuit. The price surge after Musk's logo change is insane! 
20% increase in just 24 hours is crazy! 
Meanwhile, the Shiba Inu logo on Twitter is already breaking the internet 
. I've seen memes of Musk with the doge logo going viral on TikTok 
. It's interesting to see how a joke cryptocurrency turned into a serious player in the market 
. As for Musk, it's clear he's not afraid to stir up drama on Twitter. But is this move a smart business decision or just more trolling? 
!!! so like he just replaced the whole bird logo with a shiba inu lol... it's like, super random but also kinda genius? i mean who would've thought that dogecoin would become a thing again? 
. but like, musk's just trying to be real and connect with his fans, right? 
but replacing the bird logo with that Shiba Inu image is pure genius 
, especially since the price of dogecoin just skyrocketed 
. But honestly, who knows what's going through his head? 
... who knows, maybe he's planning a Twitter Dogecoin takeover 