Twitter’s iconic bird logo has been replaced with an image of a Shiba Inu, possibly in a playful reference to dogecoin, the cryptocurrency at the heart of a lawsuit involving CEO Elon Musk. Musk acknowledged the change on Monday, fulfilling a suggestion from a year-old conversation to swap the bird logo for a doge image. This alteration occurred shortly after Musk sought to dismiss a $258 billion racketeering lawsuit linking him to a pyramid scheme supporting dogecoin, as reported by Reuters.
The legal team for Musk and Tesla downplayed the lawsuit as a “fanciful work of fiction” prompted by Musk’s lighthearted tweets. It remains uncertain whether the new doge logo is a permanent fixture, considering Musk’s fondness for using Twitter to pranks and provoke reactions from his followers and detractors.
Amid these developments, dogecoin’s value, known for its fluctuations, surged by more than 20% in the last day, reaching around 9 cents, after hovering below 8 cents earlier on Monday. Initially created as a joke on December 6, 2013, dogecoin references the “doge” meme that gained popularity ten years ago. The cryptocurrency’s Shiba Inu mascot echoes the meme with a dog encircled by Comic Sans text in mangled English.
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