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Twitter has made a significant change to its traditional bird icon, swapping it out for an image of a Shiba Inu, potentially in reference to dogecoin, the meme cryptocurrency that has garnered attention. CEO Elon Musk, who has faced a lawsuit over his involvement with dogecoin, addressed the change on Monday, stating, “as promised” above an image of an old conversation suggesting a logo change to a doge.
The doge logo debut on the platform followed Musk’s request to dismiss a $258 billion racketeering lawsuit that accused him of promoting dogecoin through a pyramid scheme. Musk’s legal team, representing him and Tesla, labeled the lawsuit brought by dogecoin investors as a “fanciful work of fiction” in response to Musk’s lighthearted tweets.
While it remains unclear whether the logo alteration is permanent, Musk often uses Twitter to engage with his supporters and adversaries. The value of dogecoin, known for its price fluctuations, saw a rise of over 20% in the past 24 hours, hovering around 9 cents, slightly below 8 cents on Monday.
Dogecoin, originating on December 6, 2013, as a playful initiative by software engineers, pays homage to the “doge” meme that gained popularity years ago. The new Shiba Inu mascot reflects this meme culture with a dog surrounded by Comic Sans text in broken English.
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