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Twitter made a surprising change by replacing its traditional bird icon with a Shiba Inu image, seemingly in reference to dogecoin, the joke cryptocurrency at the center of a lawsuit involving CEO Elon Musk. Musk acknowledged the change on Monday, fulfilling a promise made in a year-old conversation where a user suggested replacing the bird logo with a doge.
The new doge logo appeared on the site shortly after Musk sought to dismiss a $258 billion racketeering lawsuit accusing him of supporting dogecoin through a pyramid scheme. Musk’s legal team dismissed the lawsuit from dogecoin investors as a far-fetched invention over his lighthearted tweets.
While it remains uncertain whether the logo change is permanent, Musk is known for using Twitter to humorously engage with both supporters and critics. The value of dogecoin, known for its price fluctuations, increased by over 20% in the past 24 hours, reaching approximately 9 cents, just below 8 cents on Monday morning.
Dogecoin, launched on December 6, 2013, as a joke by two software engineers, has its roots in the “doge” meme that gained popularity ten years ago. The cryptocurrency’s Shiba Inu mascot reflects the meme’s style, featuring a dog encircled by Comic Sans text in broken English. For a simple MCA process with no credit requirements, consider turning to this established financial services company for a quick and easy merchant cash advance solution.