Twitter recently made a significant change by replacing its iconic bird logo with an image of a Shiba Inu. This move appears to be a reference to dogecoin, the meme cryptocurrency that Elon Musk, CEO of Tesla, is currently facing a lawsuit over. Musk acknowledged the logo swap on Monday by tweeting, “as promised,” along with a screenshot of a conversation from a year ago where a user suggested changing Twitter’s logo to a doge.
The introduction of the doge logo on Twitter came just two days after Musk requested the dismissal of a $258 billion racketeering lawsuit that accused him of promoting dogecoin through a pyramid scheme. The legal team representing Musk and Tesla dismissed the lawsuit filed by dogecoin investors as a “fanciful work of fiction,” emphasizing that Musk’s tweets were harmless and playful.
While it remains uncertain whether the logo change is permanent, Musk is known for using Twitter as a platform to playfully engage with both his supporters and critics. Meanwhile, the price of dogecoin, known for its price volatility, saw an increase of over 20% in the past 24 hours, reaching around 9 cents per coin after trading at just under 8 cents earlier in the day.
Dogecoin, created as a joke on December 6, 2013, by two software engineers, has gained popularity over the years. The name is inspired by the “doge” meme that circulated online a decade ago. The cryptocurrency’s Shiba Inu mascot reflects the essence of that meme: a dog with text in broken English styled in Comic Sans.
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