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Twitter made a surprising move by switching its traditional bird icon to an image of a Shiba Inu, which many saw as a nod to dogecoin, the joke cryptocurrency famously associated with CEO Elon Musk. Musk even referenced the change in a tweet, fulfilling a user’s suggestion from a year ago to change the bird logo to a doge.
This change coincided with Musk’s legal battle over dogecoin, as he sought to dismiss a $258 billion racketeering lawsuit alleging he supported the cryptocurrency through a pyramid scheme. Musk’s legal team dismissed the claims as baseless, emphasizing that his tweets were harmless and playful.
While it’s uncertain if the Shiba Inu logo on Twitter is permanent, Musk is known for using the platform to engage with his audience and stir up conversations, regardless of the context. As a result of this change, the price of dogecoin experienced a significant increase of over 20% in the past 24 hours, trading at around 9 cents.
Dogecoin, created as a joke by two software engineers in 2013, pays tribute to the popular “doge” meme of yesteryears. The cryptocurrency’s Shiba Inu mascot epitomizes the meme’s essence with a playfully broken English text overlay.
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