Dogecoin surges as Elon Musk swaps Twitter bird for Shiba Inu icon

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Recently, Twitter made headlines by swapping its iconic bird logo for an image of a Shiba Inu, most likely a playful reference to dogecoin, the joke cryptocurrency at the center of a lawsuit involving CEO Elon Musk. Musk himself acknowledged the change on Twitter, fulfilling a suggestion made in a year-old conversation to replace the bird logo with a doge image.

This swap occurred shortly after Musk sought the dismissal of a large racketeering lawsuit pegged at $258 billion, alleging that he ran a pyramid scheme to prop up dogecoin. Musk’s legal team has dismissed the lawsuit as a work of fiction, defending Musk’s tweets as harmless and humorous.

The new doge logo on Twitter, typically a platform where Musk enjoys sparking controversy, remains shrouded in uncertainty regarding its permanency. Meanwhile, the value of dogecoin surged by over 20% in the past 24 hours, hovering around the 9-cent mark.

Created as a joke by two software engineers on December 6, 2013, dogecoin takes its name from the popular “doge” meme of a decade ago. The cryptocurrency’s mascot, a Shiba Inu dog surrounded by broken English text in Comic Sans font, has become its charming hallmark.

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