Elon Musk's Twitter logo makeover has sent shockwaves through the cryptocurrency market, with Dogecoin prices skyrocketing by over 20% in the past 24 hours. The sudden change, which replaced the traditional bird icon with an image of a Shiba Inu, is widely seen as a nod to Dogecoin, the joke cryptocurrency that Musk is currently being sued over.
Musk had previously been accused of using his Twitter presence to manipulate Dogecoin prices, and the logo change appears to be a response to these allegations. However, lawyers for Musk and Tesla have dismissed the lawsuit by dogecoin investors, calling it a "fanciful work of fiction" that is largely based on Musk's "innocuous and often silly tweets."
Despite the lawsuit being dismissed, Dogecoin's price has seen a significant surge in recent days. The cryptocurrency was trading at around 8 cents just yesterday morning, but its value skyrocketed to nearly 9 cents following the logo change.
Dogecoin itself was created as a joke in December 2013 by two software engineers, who named it after a popular internet meme that features a Shiba Inu dog surrounded by Comic Sans text. The cryptocurrency has been widely mocked and ridiculed over the years, but its value has remained surprisingly consistent despite these criticisms.
The sudden change to Dogecoin's logo is just the latest example of Musk's unpredictable behavior on Twitter, where he often uses humor and sarcasm to comment on news stories and trends. It remains to be seen whether this change will have a lasting impact on the cryptocurrency market, but one thing is certain - it has certainly sent a shockwave through the community.
Musk had previously been accused of using his Twitter presence to manipulate Dogecoin prices, and the logo change appears to be a response to these allegations. However, lawyers for Musk and Tesla have dismissed the lawsuit by dogecoin investors, calling it a "fanciful work of fiction" that is largely based on Musk's "innocuous and often silly tweets."
Despite the lawsuit being dismissed, Dogecoin's price has seen a significant surge in recent days. The cryptocurrency was trading at around 8 cents just yesterday morning, but its value skyrocketed to nearly 9 cents following the logo change.
Dogecoin itself was created as a joke in December 2013 by two software engineers, who named it after a popular internet meme that features a Shiba Inu dog surrounded by Comic Sans text. The cryptocurrency has been widely mocked and ridiculed over the years, but its value has remained surprisingly consistent despite these criticisms.
The sudden change to Dogecoin's logo is just the latest example of Musk's unpredictable behavior on Twitter, where he often uses humor and sarcasm to comment on news stories and trends. It remains to be seen whether this change will have a lasting impact on the cryptocurrency market, but one thing is certain - it has certainly sent a shockwave through the community.
... I mean, it was a genius move 
. The fact that Dogecoin prices are going up is either because people finally take him seriously or they're just gonna keep getting scammed 
. I mean, who needs credibility when you can just make stuff up and get away with it? 
On the other hand, maybe Musk's intentions were actually pure, and he wanted to promote Dogecoin in a more lighthearted way... but then again, that wouldn't explain why people are getting sued over it 
.
! like, who wouldn't want to make some extra cash, right? 
but seriously, elon musk's tweets about dogecoin are pretty wild. i mean, the dude's been sued over it before and now he just changes the logo and dogecoin's value skyrockets 
. it's like he's trying to troll us or something 
. anyway, i'm not gonna lie, it's kinda entertaining to see everyone freak out about dogecoin again 
. maybe it'll calm down now that the logo change is over? idk, but one thing's for sure - elon musk is definitely keeping us on our toes 
!
. And honestly, who wouldn't want to invest in a meme-based cryptocurrency with a cute Shiba Inu mascot? 
I mean what even is this? Is he trying to say something or just trolling us 
It's like he took a page from Twitter 
What do you guys think? Am I reading too much into it 
or is there some hidden meaning behind the Shiba Inu design 
anyway, only time will tell if this is just another one of his crazy stunts or if dogecoin actually goes through the roof 
. and all these jokes about elon musk being sued over dogecoin... it's getting old 
. maybe it's just a case of too much attention being given to dogecoin? 
but hey, 20% in one day is no joke 
dogecoin fam must be super stoked rn 
... dogecoin fans are low-key freaking out over this logo change lol. like, who wouldn't wanna see elon musk's face on their wallet? 
. and omg 20% in one day is wild 
...