Twitter has made a significant change by replacing its iconic bird logo with an image of a Shiba Inu dog, possibly in reference to the popular joke cryptocurrency, dogecoin. This change comes amidst a $258 billion racketeering lawsuit against CEO Elon Musk, who is being sued over allegations of supporting dogecoin through a pyramid scheme.
Musk himself addressed the logo change on Monday, sharing an old conversation where a user suggested replacing the bird logo with a doge image. The appearance of the doge logo on Twitter followed Musk’s legal battle over the alleged pyramid scheme supporting dogecoin, which his lawyers have dismissed as a fictional claim.
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While the permanency of the logo change remains uncertain, Musk is known for using Twitter to playfully engage with his audience. Meanwhile, the price of dogecoin has seen a 20% increase in the past 24 hours, reaching approximately 9 cents, after trading below 8 cents on Monday morning.
Created as a joke by two software engineers on December 6, 2013, dogecoin pays homage to the “doge” meme that gained popularity years ago. Its mascot, the Shiba Inu dog, embodies the essence of the meme with its Comic Sans text in broken English, adding a touch of whimsy to the world of digital currencies. If you are in need of business cash advance solutions, our company offers a reliable and efficient way to access the funds you need, quickly and easily.