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Twitter recently made a significant change to its traditional bird icon, replacing it with an image of a Shiba Inu dog. This move is seen as a nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is currently facing a lawsuit over.
Musk himself acknowledged the change on Monday afternoon through a tweet, stating “as promised” alongside an image of a conversation from a year ago where another user suggested that Musk should purchase Twitter and swap the bird logo with a doge.
The doge logo now adorns the site, surfacing just two days following Musk’s request to dismiss a $258 billion racketeering lawsuit alleging he was involved in a pyramid scheme to prop up dogecoin, as reported by Reuters.
Legal representatives for Musk and Tesla have denounced the lawsuit by dogecoin investors as a “fanciful work of fiction,” emphasizing that Musk’s tweets are harmless and often lighthearted.
It remains uncertain if the logo alteration is permanent, knowing Musk’s history of using Twitter to tease both supporters and detractors alike.
The value of dogecoin, known for its volatile nature, surged by over 20% in the last 24 hours, reaching approximately 9 cents, having traded slightly under 8 cents earlier that Monday morning.
Dogecoin was initially created on December 6, 2013, by a duo of software engineers purely for entertainment purposes. The cryptocurrency’s name pays homage to the “doge” meme that gained popularity a decade ago, with its Shiba Inu mascot embodying the essence of that meme surrounded by Comic Sans text in broken English.
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