Elon Musk's Twitter logo makeover has sent shockwaves through the crypto world, as the billionaire CEO replaced the traditional bird icon with an image of a Shiba Inu - a nod to Dogecoin, the joke cryptocurrency he's at the center of a $258 billion lawsuit over.
In a cheeky move, Musk tweeted "as promised" above an image of a 2022 conversation where another user jokingly suggested he should buy Twitter and replace the bird logo with a Dogecoin mascot. The change comes just two days after Musk asked a judge to throw out the lawsuit, which accuses him of running a pyramid scheme to support Dogecoin.
Musk's lawyers have dismissed the lawsuit as a "fanciful work of fiction" over his innocent tweets, but it seems Musk is taking a different approach by embracing the meme. The price of Dogecoin has skyrocketed over 20% in the past 24 hours, to around 9 cents, making it one of the most volatile cryptocurrencies.
Dogecoin was created in December 2013 as a joke by two software engineers who were inspired by the popular "doge" meme. Its Shiba Inu mascot is a clear reference to the internet's favorite canine, surrounded by Comic Sans text in broken English. The logo makeover is just the latest development in Musk's ongoing battle with Dogecoin investors, who claim he's been using his tweets to pump up the cryptocurrency's value.
However, it remains to be seen whether the logo change will stick, as Musk has a history of trolling both his fans and critics on Twitter.
In a cheeky move, Musk tweeted "as promised" above an image of a 2022 conversation where another user jokingly suggested he should buy Twitter and replace the bird logo with a Dogecoin mascot. The change comes just two days after Musk asked a judge to throw out the lawsuit, which accuses him of running a pyramid scheme to support Dogecoin.
Musk's lawyers have dismissed the lawsuit as a "fanciful work of fiction" over his innocent tweets, but it seems Musk is taking a different approach by embracing the meme. The price of Dogecoin has skyrocketed over 20% in the past 24 hours, to around 9 cents, making it one of the most volatile cryptocurrencies.
Dogecoin was created in December 2013 as a joke by two software engineers who were inspired by the popular "doge" meme. Its Shiba Inu mascot is a clear reference to the internet's favorite canine, surrounded by Comic Sans text in broken English. The logo makeover is just the latest development in Musk's ongoing battle with Dogecoin investors, who claim he's been using his tweets to pump up the cryptocurrency's value.
However, it remains to be seen whether the logo change will stick, as Musk has a history of trolling both his fans and critics on Twitter.
... like, Elon's just embracing the meme life now and making us all wonder if he's actually trolling us or not 
. I mean, the price of Dogecoin went crazy after this news and I'm just over here thinking "is this a good thing for crypto or what?" 
.
i dont get why its a big deal but i guess its cool if u r into that sorta thing... Musk is like trying to show off or something? 
which i guess is pretty smart marketing or something? idk, maybe ill stick to my regular ol bird logo thanks tho 
. Elon taking a shot at Dogecoin by repainting the Twitter bird with a Shiba Inu is like he's embracing the memes and not giving a hoot about what people think. It's either going to make him super popular or get him roasted even harder 
. 20% in 24 hours? That's wild! And I gotta ask, if Elon is genuinely excited about the meme and Dogecoin, then maybe he should just take responsibility for promoting it instead of denying any wrongdoing 
. It's all just part of his show, but I'm curious to see how long this whole Dogecoin thing will stick around 
. Will the logo change be a clever move or just another attempt to get under people's skin? Only time (and Musk's next tweet) will tell 
... maybe he just wants to make us all rich and poor at the same time 
! Like, Musk just totally owned the meme and turned it into a real thing 
. It's wild to think he was basically trolling everyone with those tweets and somehow still managed to make people believe in the crypto 
. Only time will tell if he'll stick with the Shiba Inu logo or try to pull another fast one 
anyway this whole thing is so weird, i dont get why hes doin this...imagine if he actually wins that lawsuit idc lol
, who wouldn't want their logo to be a cute shiba inu? 
and btw, comic sans text in broken english is still my spirit animal 
. Like, one day he's asking a judge to throw out the lawsuit, and the next thing you know, he's tweeting that bird logo for shucks... I mean, come on, Elon, you're not fooling anyone 
!
either way, i'm curious to see how this all plays out 
#ElonMusk #Dogecoin #CryptoTwitter