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Twitter recently made a change to its traditional bird icon by replacing it with an image of a Shiba Inu, potentially in reference to dogecoin, the joke cryptocurrency that CEO Elon Musk is currently facing a lawsuit over. Musk acknowledged the change on Monday, indicating that it was in response to a suggestion made a year ago by another user to change the bird logo to a doge.
The doge logo appeared on the site shortly after Musk sought to dismiss a $258 billion racketeering lawsuit that accused him of supporting dogecoin through a pyramid scheme. Musk’s legal team deemed the lawsuit by dogecoin investors as a “fanciful work of fiction” over Musk’s social media posts.
It remains unknown if the logo change on Twitter is permanent, as Musk is known for using the platform to engage with both supporters and critics alike. The price of dogecoin experienced a more than 20% increase in value over the past 24 hours, trading at about 9 cents, up from just under 8 cents on Monday morning.
Created as a joke by a pair of software engineers in December 2013, dogecoin pays homage to the “doge” meme that gained popularity years ago. The Shiba Inu mascot associated with dogecoin reflects the essence of the meme: a dog surrounded by text in broken English.