Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

Elon Musk has shaken up Twitter's iconic bird logo, replacing it with an image of a Shiba Inu - the very breed that inspired the popular joke cryptocurrency Dogecoin. The move was seen as a nod to his long-standing feud with Dogecoin investors, who have been suing him over allegations of running a pyramid scheme.

In a tweet on Monday afternoon, Musk declared, "as promised," referencing an old conversation where a user suggested he should just buy Twitter and change the bird logo to a doge. The exchange was posted two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running such a scheme.

Lawyers for Musk and Tesla have labelled the lawsuit as "fanciful work of fiction" over his tweets, with their argument being that his statements are "innocuous and often silly." Nevertheless, the move has sent shockwaves through the cryptocurrency market, with Dogecoin's price surging by more than 20% in the past 24 hours.

The logo change, however, remains unclear as to whether it will be permanent. Musk is known for using Twitter to troll both his fans and critics.
 
I gotta say, I'm loving this whole vibe with Elon Musk and the Shiba Inu 🐢πŸ’₯! It's like he's just trolling everyone and himself at the same time lol. First, he's all about that bird logo life, then BAM, it's doge mode activated πŸ˜‚. And can we talk about how crazy Dogecoin's price is going up? Like, 20% in one day? That's wild πŸ’Έ! I'm no expert, but maybe this whole thing just shows how passionate people are about their crypto investments πŸ€”? Either way, it's definitely making headlines and bringing some much-needed excitement to the Twitterverse πŸ“£.
 
🀣 Can't believe we're at a point where the CEO of a major company changes his company's logo to troll his haters on social media. Like, what's next? Changing your car's license plate to "Tesla: I'm still richer than you"? πŸš—πŸ˜‚ The doge logo might be cute, but it's just another example of how out of touch Elon is with reality. And btw, 20% surge in Dogecoin's price? Yeah right, because that's exactly what the cryptocurrency market needed - more unnecessary hype. πŸΆπŸ’Έ
 
omg what a move by Elon Musk! πŸ˜‚ I mean, if he's going to flip Twitter upside down, might as well do it with a Shiba Inu 🐢! It's kinda cool that he's poking fun at Dogecoin, those guys were always good for a laugh. But can we keep an eye on the price of Dogecoin? I don't want to get caught buying in at 20% higher prices πŸ’ΈπŸ€‘. On the other hand, if Musk really did change the logo, it's gonna be super iconic 🀯! The guy's definitely got a sense of humor, but you never know what he's thinking behind those tweets πŸ˜‚.
 
omg did you see that update on twitter πŸΆπŸ˜‚ so now they got a shiba inu instead of the old bird lol what's good elon musk ?? πŸ€·β€β™‚οΈ he's like always trying to stir up drama but honestly I think it's kinda cool how he's giving a nod to dogecoin πŸ€‘ those devs must be thrilled πŸ’» this logo change is either gonna make or break twitter's brand idk what to think rn πŸ€” maybe it'll bring in more users who are fans of dogecoin and crypto ? πŸ“ˆπŸ’Έ
 
omg can't believe musk did this just to get back at those dogecoin ppl lol like what's next, a rick roll 🀣. seriously tho, who thought this was a good idea? changing the logo on twitter just to spite some investors? it's like he's trying to be the court jester or something. and btw, shiba inu is such an adorable breed 😊, not sure how i feel about seeing their cute faces plastered all over my timeline though πŸ€·β€β™€οΈ.
 
can you believe elon just flipped twitter's logo like that?! 🀣 I mean, i guess it's kinda fitting that the shiba inu gets a spot on the bird's throne now... but honestly who needs a logo change at all? it's not like it's gonna make or break twttr. and btw dogecoin's price surge is wild lol πŸš€πŸΆ, guess that's one way to troll your critics! 😏
 
πŸ€” I'm not sure if this is a good idea... 🐢 I mean, the bird was already iconic and recognizable, but now we've got a dog on our hands! πŸ˜‚ It's just going to be weird seeing that cute Shiba Inu face instead of the Twitter bird. And what about all the people who are still trying to get back at Musk for that lawsuit? πŸ€‘ Is this really a win for them? I guess only time will tell if the logo change is permanent, but for now it's just a big ol' mystery πŸ˜‚.
 
omg what a sick move lol just thinkin bout how many people were sayin he shd do this tbh its like he's tryna stir up drama 24/7 now i'm kinda curious how dogecoin investors will react when they see that logo but for real tho can u imagine if the logo change stickz?? what does it mean for the brand? πŸΆπŸ’Έ
 
Musk just flipped Twitter's bird logo into a Shiba Inu πŸ•πŸ˜‚! Like what even is this? It's all because of that Dogecoin drama... I mean, who hasn't heard of Dogecoin? 🀣 Anyway, it's causing quite the stir in crypto land. 20% surge in Dogecoin's price is crazy! But for real though, will this logo change be permanent or just another Musk troll move? πŸ€”πŸ’¬
 
omg I just can't even right now... so like Elon Musk just changed Twitter's logo to a Shiba Inu 🐢 and I'm kinda curious why he did that? Like, is it a good move or what? πŸ€” It feels like he wants to stir up some drama, but at the same time, it's all just getting really confusing. I mean, Dogecoin investors are suing him over something called a pyramid scheme... and now this logo change? 🀯 It's like, isn't that just a big game of cat and mouse for Twitter? Anyway, I guess only time will tell if the doge logo is here to stay or not πŸΎπŸ˜‚
 
omg u guys can't believe what just happened 🀯! so like elon musk decides to swap out twitters iconic bird logo for a picture of a shiba inu lol i mean, it's kinda cool that he finally listened to someone who asked him to change the logo, but idk if its really a good idea...dogecoin investors are already getting salty about this πŸ€‘ and musk is just trolling as usual, like what's next? a tweetstorm about his new favorite meme? πŸ˜‚ anyway, i'm low-key hyped for the new logo tho, it's definitely gonna be lit πŸ’₯
 
I'm so over Elon Musk's antics on Twitter 🀣🐢. Like, I get it, he's trying to stir up some drama with Dogecoin investors, but honestly, it's just getting old. The logo change is a pretty obvious move to troll his haters and maybe even sway some of those who are invested in Dogecoin. But let's be real, it's not like this is going to make a dent in the lawsuit or anything πŸ€‘. I'm curious to see how long this logo thing lasts, though - if he changes it back, that's just gonna fuel the fire even more πŸ”₯. And can we talk about how ridiculous it is that people are getting so worked up over a cartoon dog on Twitter? It's just a meme, guys πŸ™„!
 
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