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In recent news, Twitter made a bold move by replacing its traditional bird icon with an image of a Shiba Inu, the popular mascot of dogecoin. This change is seen as a nod to Elon Musk, the CEO of Tesla and a strong advocate for dogecoin, who is currently facing a $258 billion racketeering lawsuit over his alleged involvement in a dogecoin pyramid scheme.
Musk himself addressed the logo change on Twitter, sharing a screenshot of a conversation from a year ago where a user suggested changing Twitter’s bird logo to a doge. This latest move by Twitter comes just days after Musk requested the dismissal of the lawsuit against him. His lawyers argue that the lawsuit is nothing more than a “fanciful work of fiction” and that Musk’s tweets about dogecoin were innocuous and silly.
While it remains to be seen whether this logo change is permanent, it has certainly generated buzz in the cryptocurrency world. Dogecoin, which started as a joke back in 2013, has experienced significant volatility in recent years. Despite this, it has managed to gain a loyal following and currently trades at around 9 cents per coin, up more than 20% in the past 24 hours.
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