Dogecoin surges as Elon Musk changes Twitter logo to Shiba Inu

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Twitter recently made a significant change, replacing its traditional bird icon with an image of a Shiba Inu. This change is seen as a nod to dogecoin, the joke cryptocurrency that Elon Musk, Twitter’s CEO, is currently facing a lawsuit over. Musk confirmed the change on Twitter, referencing a year-old conversation where a user suggested the switch to a doge logo.

The doge logo appeared on Twitter shortly after Musk’s request to dismiss a $258 billion lawsuit accusing him of supporting dogecoin through a scheme. Musk’s legal team dismissed the lawsuit as a “fanciful work of fiction,” emphasizing the lighthearted nature of his tweets.

While it remains unclear if the logo change is permanent, Musk is known for using Twitter to engage with his followers and detractors alike. This move comes as the price of dogecoin surged by more than 20% in the last 24 hours, hovering around 9 cents.

Dogecoin, created in 2013 as a joke by two software engineers, draws inspiration from the “doge” meme that gained popularity years ago. Its Shiba Inu mascot stays true to the meme’s roots, with a dog and Comic Sans text in broken English.

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