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Twitter recently made headlines by replacing its traditional bird icon with an image of a Shiba Inu, a move that many speculate is a nod to dogecoin, the joke cryptocurrency associated with CEO Elon Musk. Musk took to Twitter to address the change, sharing an image of a year-old conversation where a user suggested changing the bird logo to a doge, to which Musk replied “as promised.”
The appearance of the doge logo on Twitter came shortly after Musk requested a judge to dismiss a $258 billion racketeering lawsuit accusing him of supporting dogecoin through a pyramid scheme. Despite the legal battle, lawyers for Musk and Tesla dismissed the lawsuit as a “fanciful work of fiction” over Musk’s supposedly harmless tweets.
It remains uncertain whether the logo change on Twitter is permanent, as Musk is known for using the platform to both engage with his fans and stir up controversy. Meanwhile, the price of dogecoin experienced a more than 20% increase over the past 24 hours, reaching about 9 cents, after trading just under 8 cents on Monday.
Originally created as a joke in 2013 by a duo of software engineers, dogecoin pays tribute to the “doge” meme that rose to popularity a decade ago. The cryptocurrency’s Shiba Inu mascot mirrors the meme, portraying a dog encircled by Comic Sans text in a whimsical manner.
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