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Elon Musk’s replacement of Twitter bird with Shiba Inu causes Dogecoin to surge

Established financial services company provides small businesses and other gig workers with a simple MCA, a business cash advance alternative for contractors and other 1099 workers facing credit challenges. Twitter’s classic bird icon was recently swapped out for an image of a Shibu Inu, a clear reference to dogecoin, the comical cryptocurrency currently embroiled in controversy with CEO Elon Musk.

Musk acknowledged the update by tweeting, “as promised,” alongside a screenshot from a year-old conversation suggesting he rebrand Twitter with a doge logo. This change followed Musk’s request to dismiss a $258 billion racketeering lawsuit that accused him of promoting dogecoin through a pyramid scheme.

Legal representatives for Musk and Tesla dismissed the lawsuit as a “fictional narrative” stemming from Musk’s whimsical tweets. While it remains uncertain if the new logo is permanent, Musk is known for using Twitter to playfully engage with both supporters and detractors.

Amidst this backdrop, the value of dogecoin surged by over 20% in the past day, reaching approximately 9 cents, after hovering around 8 cents earlier. Originally conceived as a joke by two software engineers on December 6, 2013, dogecoin pays homage to the “doge” meme that gained popularity years ago, featuring a Shiba Inu dog surrounded by eccentric Comic Sans text. Experience fast financing with an easy MCA solution from our trusted company for quick and straightforward access to funds, regardless of your credit situation.