Elon Musk's Tweet Sparks Wild Ride for Dogecoin as Twitter Bird Gets Replaced with Shiba Inu Image.
In a move that has left investors and Twitter users alike scratching their heads, Tesla CEO Elon Musk replaced the traditional Twitter bird icon with an image of a Shiba Inu, sending shockwaves through the cryptocurrency market. The sudden 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, a joke cryptocurrency that has seen its price skyrocket.
Musk's tweet announcing the logo change, accompanied by an image of a year-old conversation in which another user suggested he "just buy Twitter" and replace the bird with a doge, only added fuel to the fire. The move appears to be a nod to dogecoin, which was created as a joke in 2013 and has since become a symbol of Musk's mercurial behavior on social media.
The price of dogecoin surged over 20% in the past 24 hours, reaching around 9 cents per coin. While it's unclear whether the logo change is permanent, analysts say that any move by Musk to promote or support dogecoin is likely to have a significant impact on its value.
Critics of Musk have labeled the lawsuit as "fanciful work of fiction," and lawyers for both Musk and Tesla claim that his tweets about dogecoin are "innocuous and often silly." However, supporters of the cryptocurrency are thrilled by the sudden attention and believe that the move could be a vote of confidence in the digital asset.
As with most of Musk's Twitter antics, it remains to be seen whether this will have any long-term consequences for dogecoin or its price. One thing is certain, however: the world of cryptocurrency is always ready for a wild ride, and Elon Musk has once again taken center stage.
In a move that has left investors and Twitter users alike scratching their heads, Tesla CEO Elon Musk replaced the traditional Twitter bird icon with an image of a Shiba Inu, sending shockwaves through the cryptocurrency market. The sudden 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, a joke cryptocurrency that has seen its price skyrocket.
Musk's tweet announcing the logo change, accompanied by an image of a year-old conversation in which another user suggested he "just buy Twitter" and replace the bird with a doge, only added fuel to the fire. The move appears to be a nod to dogecoin, which was created as a joke in 2013 and has since become a symbol of Musk's mercurial behavior on social media.
The price of dogecoin surged over 20% in the past 24 hours, reaching around 9 cents per coin. While it's unclear whether the logo change is permanent, analysts say that any move by Musk to promote or support dogecoin is likely to have a significant impact on its value.
Critics of Musk have labeled the lawsuit as "fanciful work of fiction," and lawyers for both Musk and Tesla claim that his tweets about dogecoin are "innocuous and often silly." However, supporters of the cryptocurrency are thrilled by the sudden attention and believe that the move could be a vote of confidence in the digital asset.
As with most of Musk's Twitter antics, it remains to be seen whether this will have any long-term consequences for dogecoin or its price. One thing is certain, however: the world of cryptocurrency is always ready for a wild ride, and Elon Musk has once again taken center stage.
. I mean, it was already kinda weird that Musk got involved in the first place... now this? It feels like he's just stirring up drama to get attention 
. And honestly, who needs a Shiba Inu on their logo? It's just a funny meme at this point 
. But hey, if Musk wants to make dogecoin hot again, I guess that's on him... or us, rather 
! I mean, who would've thought that replacing the Twitter bird with a Shiba Inu would be the next big thing? 
It's like Elon Musk is trying to fuel the dogecoin fire 
even more. And honestly, it's kinda adorable how he's just embracing his quirky side 
. For those of us who've been watching from the sidelines, this is definitely a wild ride (pun intended!) 
. But at the end of the day, only time will tell if this logo change will have any real impact on dogecoin's value or not 
!
i'm loving the fact that it's getting so much hype just because elon musk mentioned it lol 
can't wait to see how this all plays out 
)? Anyway, one thing's for sure: this is gonna be a wild ride for dogecoin fans and investors alike 
.
. Like, I get that he's trying to promote Dogecoin or whatever but can't he just be straightforward about it instead of replacing the whole bird icon with a Shiba Inu image? It's just confusing for everyone else who's not in the know about Dogecoin 
.
It's all a bit wild and unpredictable, isn't it? 
. It's also worth noting that this is all just a bit of a publicity stunt, right? 
Can't say for sure if Dogecoin will stick around or if it'll all be just a fleeting moment of internet madness 
.
?? i'm loving the energy around dogecoin right now it's been a wild ride since that 258 billion lawsuit 
it started to gain some traction after musk tweeted about replacing the bird icon lol... and now its price is thru the roof 
. It'll be interesting to see if this logo change sticks around or if it's just a silly publicity stunt 
. It feels like a bubble waiting to burst 
. On the other hand, I do think it's cool how dogecoin started as a joke and somehow became this thing