Elon Musk's Twitter Bird Takes a Breathing Room: Dogecoin Soars on Shiba Inu Icon.
In a move that appears to be an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over, Twitter has replaced its traditional bird logo with a picture of a Shiba Inu. This change comes just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the digital currency.
According to lawyers for Musk and Tesla, the lawsuit by dogecoin investors is "a fanciful work of fiction" over Musk's "innocuous and often silly tweets." However, this latest move has sparked a significant reaction from the cryptocurrency market, with the price of dogecoin surging more than 20% in the past 24 hours.
Musk had previously tweeted that he was committed to changing the bird logo to a Shiba Inu as promised. The image used is an old conversation screenshot between Musk and another user who suggested exactly this idea. It remains to be seen whether the new logo will become permanent, but one thing is certain: it's sparked a lot of interest in dogecoin.
The origins of dogecoin date back to December 6, 2013, when two software engineers created it as a joke. The name and mascot are inspired by internet memes, including the popular "doge" meme from a decade ago. Now, with Musk's Twitter changes, it seems like this digital currency is finally getting some serious attention.
The price of dogecoin has been volatile in recent times, but this latest surge suggests that investors may be taking notice of Musk's actions. With its origins as a joke and a nod to internet memes, dogecoin has become more than just a curiosity - it's also seen significant gains in value.
In a move that appears to be an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over, Twitter has replaced its traditional bird logo with a picture of a Shiba Inu. This change comes just two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the digital currency.
According to lawyers for Musk and Tesla, the lawsuit by dogecoin investors is "a fanciful work of fiction" over Musk's "innocuous and often silly tweets." However, this latest move has sparked a significant reaction from the cryptocurrency market, with the price of dogecoin surging more than 20% in the past 24 hours.
Musk had previously tweeted that he was committed to changing the bird logo to a Shiba Inu as promised. The image used is an old conversation screenshot between Musk and another user who suggested exactly this idea. It remains to be seen whether the new logo will become permanent, but one thing is certain: it's sparked a lot of interest in dogecoin.
The origins of dogecoin date back to December 6, 2013, when two software engineers created it as a joke. The name and mascot are inspired by internet memes, including the popular "doge" meme from a decade ago. Now, with Musk's Twitter changes, it seems like this digital currency is finally getting some serious attention.
The price of dogecoin has been volatile in recent times, but this latest surge suggests that investors may be taking notice of Musk's actions. With its origins as a joke and a nod to internet memes, dogecoin has become more than just a curiosity - it's also seen significant gains in value.
so like, elon musk is trying to make dogecoin cool again by changing twitter's logo to a shiba inu 
and now the price of dogecoin is literally skyrocketing 
it's crazy because i was watching this whole thing unfold online and i couldn't believe how quickly things were moving... like, just 2 days ago musk was asking to dismiss that lawsuit but now everyone's all about dogecoin again 
i mean, it's still a joke cryptocurrency at its core, but who cares? Musk is like the cool uncle of crypto and now people are starting to take him seriously 
price surge of 20% in 24 hours is straight fire 
! and it's not just the price that's going up, the market cap too is getting a boost 
it's like elon's tweet storm lit a fuse under the crypto world 
️
we've seen before how internet memes can blow up, remember when ethereum was going to moon on ethgud? 
let's take a look at the stats:
20% surge in dogecoin price in one day? not bad for a joke currency 
gotta wonder what else is in store with this new logo, and more importantly, how much longer can musk keep dodging these lawsuits 
Anyway, this could be a fun little experiment for Dogecoin and its users. Will it actually lead to some real-world gains? Only time will tell... 
I wonder if this change was truly meant to be a gesture of goodwill towards Musk's fans or perhaps a clever marketing ploy to revive interest in dogecoin? The fact that the image used is from an old conversation screenshot suggests a sense of authenticity, but at the same time, it feels like a calculated move to get people talking. Either way, it's got everyone buzzing, and I think we can all learn something from the power of internet memes... they can be both harmless fun and a catalyst for change.