Elon Musk's latest tweet has sent shockwaves through the cryptocurrency world, as Twitter's iconic bird logo was replaced with an image of a Shiba Inu - a nod to Dogecoin, the joke cryptocurrency that Musk is being sued over. The change comes just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support Dogecoin.
Musk addressed the logo swap in a tweet on Monday, stating "as promised" above an image of a year-old conversation where another user suggested that he simply buy Twitter and replace the bird logo with a doge. The move has sparked excitement among Dogecoin enthusiasts, with the cryptocurrency's price skyrocketing over 20% in the past 24 hours.
The price surge is likely due to the fact that Musk has been known to use his Twitter presence to send shockwaves through the market, often for no apparent reason other than to troll or surprise. While it's unclear whether the logo change will remain permanent, one thing is certain - Dogecoin is now trending as never before.
The origins of Dogecoin date back to December 6, 2013, when two software engineers created the joke cryptocurrency as a lighthearted project. The name and mascot were inspired by the "doge" meme, which became popular around the same time. With its Shiba Inu logo now emblazoned on Twitter's website, it seems that Dogecoin has finally gained the mainstream attention it has been seeking for years.
Musk's lawyers have described the lawsuit against him as a "fanciful work of fiction" with no basis in fact. However, investors who stand to lose billions if Musk is found guilty remain unconvinced, and are holding out hope that the logo change may be a sign that Musk is willing to listen to their concerns.
Musk addressed the logo swap in a tweet on Monday, stating "as promised" above an image of a year-old conversation where another user suggested that he simply buy Twitter and replace the bird logo with a doge. The move has sparked excitement among Dogecoin enthusiasts, with the cryptocurrency's price skyrocketing over 20% in the past 24 hours.
The price surge is likely due to the fact that Musk has been known to use his Twitter presence to send shockwaves through the market, often for no apparent reason other than to troll or surprise. While it's unclear whether the logo change will remain permanent, one thing is certain - Dogecoin is now trending as never before.
The origins of Dogecoin date back to December 6, 2013, when two software engineers created the joke cryptocurrency as a lighthearted project. The name and mascot were inspired by the "doge" meme, which became popular around the same time. With its Shiba Inu logo now emblazoned on Twitter's website, it seems that Dogecoin has finally gained the mainstream attention it has been seeking for years.
Musk's lawyers have described the lawsuit against him as a "fanciful work of fiction" with no basis in fact. However, investors who stand to lose billions if Musk is found guilty remain unconvinced, and are holding out hope that the logo change may be a sign that Musk is willing to listen to their concerns.
[Image of Elon Musk with a Shiba Inu in his tweet bio] Dogecoin's price just went from 
to 
, i'm still trying to wrap my head around it. like, dogecoin's been a joke for years but now it's like they're legit 
and musk's all over it 
. what do you guys think is going on here tho? 
The internet loves Elon Musk, but this tweet has got me thinking... why would he do something like this? 
It's worth noting that his lawyers say the lawsuit is "fanciful", but I'm not sure even they believe that themselves 
. For now, let's just enjoy the ride and see where this wild ride takes us! 
.
. Bring on the crypto drama! 
. I hope it's all just a big joke and not something more serious... your emotions must be all over the place right now 
. Take a deep breath, stay calm, and maybe keep an eye on those investments 
and elon musk is involved which makes me think he must be trolling us or something 
i don't know what's going on with this lawsuit but can someone explain it to me in like 5 seconds 
i mean, it's not like this is gonna affect real people or anything... but seriously, dogecoin's price went up 20% in one day? that's wild! 
. And can we talk about how this logo change comes after he asked the judge to dismiss a $258 billion lawsuit against him? It feels like he's trying to shift the attention away from that or something... 
As someone who's been around long enough to remember when the internet was just starting out, I've seen a lot of trends come and go. But this one? It's definitely got people talking 
. And honestly, it's kinda cool that Elon's being a bit of a wild card on Twitter – keeps things interesting! 
and that price surge 
, after all, who doesn't love a good meme? and honestly, 20% in just one day is CRAZY 
i've been following Dogecoin for years and it's crazy to see how far it's come. Musk has always been a bit of a wild card, so this logo change is definitely in line with his style 
seems like a total coincidence to me 
. still, i'm all for it if it means more Shiba Inu goodness in our lives 
. what do you guys think about this whole situation? are we just caught up in the hype or is there something more going on here? 
I mean, come on... Twitter's just replaced its whole logo with a meme from some joke cryptocurrency? It's like they're trying to troll us even harder now 
, which could have both positive and negative consequences depending on how you look at it. We'll just have to wait and see how this all plays out in the coming days 
as for that $258 billion lawsuit tho... idk what to make of it 
fingers crossed 