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Recently, Twitter made a surprising change by replacing its traditional bird icon with an image of a Shiba Inu, seemingly a nod to dogecoin, the joke cryptocurrency associated with CEO Elon Musk who is currently facing a lawsuit related to it. Musk himself addressed the logo change on Twitter, fulfilling a user’s year-old suggestion to swap the bird with a doge image. This alteration came shortly after Musk sought the dismissal of a $258 billion racketeering lawsuit claiming he orchestrated a pyramid scheme to boost dogecoin’s value.
Despite legal challenges, Musk’s attorneys dismissed the lawsuit as a “fanciful work of fiction,” attributing it to Musk’s humorous tweets. Musk’s unconventional behavior on Twitter extends to changing the platform’s logo, leaving followers wondering if this change is permanent. The moment the doge logo appeared, dogecoin’s price experienced a significant rise of over 20% in just 24 hours, reaching about 9 cents, after being below 8 cents earlier.
Dogecoin, originating as a joke on December 6, 2013, holds a Shiba Inu mascot inspired by the once-popular “doge” meme. Its playful nature, mirrored by the text font resembling Comic Sans in broken English, continues to resonate with cryptocurrency enthusiasts worldwide.