Elon Musk's Twitter logo makeover has sent shockwaves through the cryptocurrency market, with Dogecoin experiencing a significant surge in price after the billionaire CEO replaced the traditional bird icon with an image of a Shiba Inu.
Musk tweeted "as promised" alongside a screenshot of a year-old conversation where another user jokingly suggested that Musk buy Twitter and change the logo to a Dogecoin-inspired design. The move comes two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging he ran a pyramid scheme to support Dogecoin.
Lawyers for Musk and Tesla have dismissed the lawsuit as a "fanciful work of fiction," labeling it an attempt to discredit Musk's innocuous tweets. However, the unexpected logo change has sparked excitement among Dogecoin enthusiasts, with the cryptocurrency's price jumping over 20% in the past 24 hours.
Launched in December 2013 by software engineers as a joke, Dogecoin was originally inspired by the "doge" meme, which features an image of a Shiba Inu surrounded by Comic Sans text. The cryptocurrency has since become a popular speculative investment, with Musk's involvement further fueling its price volatility.
As for the future of the logo change, it remains unclear whether it will be permanent or a temporary move to troll his fans and critics. One thing is certain, however: Dogecoin's price is now in the spotlight, trading at around 9 cents per coin after a significant surge in recent days.
Musk tweeted "as promised" alongside a screenshot of a year-old conversation where another user jokingly suggested that Musk buy Twitter and change the logo to a Dogecoin-inspired design. The move comes two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging he ran a pyramid scheme to support Dogecoin.
Lawyers for Musk and Tesla have dismissed the lawsuit as a "fanciful work of fiction," labeling it an attempt to discredit Musk's innocuous tweets. However, the unexpected logo change has sparked excitement among Dogecoin enthusiasts, with the cryptocurrency's price jumping over 20% in the past 24 hours.
Launched in December 2013 by software engineers as a joke, Dogecoin was originally inspired by the "doge" meme, which features an image of a Shiba Inu surrounded by Comic Sans text. The cryptocurrency has since become a popular speculative investment, with Musk's involvement further fueling its price volatility.
As for the future of the logo change, it remains unclear whether it will be permanent or a temporary move to troll his fans and critics. One thing is certain, however: Dogecoin's price is now in the spotlight, trading at around 9 cents per coin after a significant surge in recent days.