Elon Musk's Twitter Bird Gets Replaced with a Shiba Inu, Fueling Dogecoin Price Surge
In a move that has left investors and observers alike scratching their heads, Elon Musk replaced the traditional bird logo on his Twitter profile with an image of a Shiba Inu - a nod to the popular joke cryptocurrency Dogecoin. The change came just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit filed against him by Dogecoin investors, who claim that Musk was using his Twitter influence to pump up the price of the cryptocurrency.
Musk tweeted "as promised" in response to the suggestion from another user that he "just buy Twitter" and change the bird logo to a doge. The move was met with excitement from Dogecoin enthusiasts, with the price of the coin surging more than 20% over the past 24 hours.
However, not everyone is pleased with Musk's actions. Lawyers for Musk and Tesla have described the lawsuit as "fanciful work of fiction" aimed at taking advantage of Musk's "innocuous and often silly tweets." It remains to be seen whether the new logo will stick, given Musk's history of using Twitter to troll his fans and critics.
The price surge has been fueled by Dogecoin's long-standing popularity among cryptocurrency enthusiasts. The coin was created in 2013 as a joke, with its Shiba Inu mascot mimicking the popular "doge" meme from years ago. Despite being initially dismissed as a joke, Dogecoin has maintained a loyal following and has seen significant price swings over the years.
As the situation continues to unfold, one thing is clear: Elon Musk's Twitter profile now features an image that is sure to bring a smile to the faces of Dogecoin enthusiasts around the world.
In a move that has left investors and observers alike scratching their heads, Elon Musk replaced the traditional bird logo on his Twitter profile with an image of a Shiba Inu - a nod to the popular joke cryptocurrency Dogecoin. The change came just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit filed against him by Dogecoin investors, who claim that Musk was using his Twitter influence to pump up the price of the cryptocurrency.
Musk tweeted "as promised" in response to the suggestion from another user that he "just buy Twitter" and change the bird logo to a doge. The move was met with excitement from Dogecoin enthusiasts, with the price of the coin surging more than 20% over the past 24 hours.
However, not everyone is pleased with Musk's actions. Lawyers for Musk and Tesla have described the lawsuit as "fanciful work of fiction" aimed at taking advantage of Musk's "innocuous and often silly tweets." It remains to be seen whether the new logo will stick, given Musk's history of using Twitter to troll his fans and critics.
The price surge has been fueled by Dogecoin's long-standing popularity among cryptocurrency enthusiasts. The coin was created in 2013 as a joke, with its Shiba Inu mascot mimicking the popular "doge" meme from years ago. Despite being initially dismissed as a joke, Dogecoin has maintained a loyal following and has seen significant price swings over the years.
As the situation continues to unfold, one thing is clear: Elon Musk's Twitter profile now features an image that is sure to bring a smile to the faces of Dogecoin enthusiasts around the world.