Elon Musk’s Replacement of Twitter Bird with Shiba Inu Boosts Dogecoin Price

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In a bold move, Twitter has replaced its traditional bird icon with an image of a Shiba Inu, a clear reference to dogecoin, the cryptocurrency tied to CEO Elon Musk’s recent legal troubles. Musk responded to the change by tweeting an image of a previous conversation suggesting the logo change, fulfilling the request made by another user.

This change comes shortly after Musk requested a judge to dismiss a $258 billion racketeering lawsuit related to dogecoin, calling the allegations a work of fiction spurred by his tweets. The logo change to the doge logo on Twitter has sparked curiosity about whether it is a permanent change or just another one of Musk’s playful antics.

In the midst of this, the price of dogecoin has surged by over 20% in the past 24 hours, currently trading at around 9 cents. Created as a joke by two software engineers in December 2013, dogecoin pays homage to the popular “doge” meme from years past, embodied by a Shiba Inu dog surrounded by Comic Sans text in playful broken English.

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