Elon Musk changes Twitter logo to Dogecoin the Shiba Inu dog cryptocurrency Dogecoin price spikes
Elon Musk tweets a meme after an image of a shiba inu connected with cryptocurrencies replaces the blue bird on the homepage.
Elon Musk, the billionaire owner of the firm, has still not provided an explanation or reason for the change of Twitter’s blue bird emblem, which was replaced with a poorly cut-out image of a dog meme made popular by cryptocurrency, almost 24 hours after the change was made.
Users noticed that the shiba inu picture connected to the Dogecoin memecoin cryptocurrency had taken the place of the blue bird emblem on Monday, US time, on Twitter’s homepage and loading screen. Neither Twitter nor Musk even recognised the change for several hour
The simultaneous appearance of an apparent unrelated bug—one of an increasing number in Twitter’s user interface—that made it impossible to determine which tweets had been retweeted onto your timeline added to the confusion.
In true Musk flair, he ultimately tweeted a meme acknowledging the change and then added the closest thing to an explanation he has offered: a reference to a follower’s joke from March 2022 in which he suggested that Musk should purchase Twitter and alter the logo to Doge.
In response, the official Dogecoin account tweeted: “Very currency. Wow. Much Money. How Much. It’s crypto. A single poo emoji served as the automatic answer to a comment request sent to Twitter’s press office in an email. This response has been sufficient since late March.
Users conjectured that it was an April Fool’s joke that the business failed to deliver before the deadline on April 1.
Some questioned whether it was an attempt to spread information about a legal lawsuit against Musk. The modification occurred shortly after Musk asked a US court to dismiss a $258 billion lawsuit brought by Cryptocurrency investors against him for allegedly operating a pyramid scheme.
According to the case, the plaintiffs assert that Musk knew the cryptocurrency had no value as of 2019, but still promoted Dogecoin to make money from its trade, as reported by Reuters in June of last year.
According to the complaint, “Musk exploited his eminence as the world’s richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure, and pleasure.”
The plaintiffs allegedly claimed that when Musk appeared on Saturday Night Live and referred to Dogecoin as a “hustle” in a skit, the sell-off of the cryptocurrency started.
Musk and Tesla’s attorneys have referred to the allegations in the complaint regarding Musk’s “innocent and frequently stupid tweets” concerning Dogecoin as a “fanciful work of fiction.”
As Musk revealed that Dogecoin could be used to purchase Tesla goods, the cryptocurrency’s value increased last year.
Dogecoin’s value increased from US$0.079 to US$0.094 in response to Twitter changing its logo, marking the currency’s greatest value since November of last year.
According to a leaked internal letter, Twitter is currently only worth $20 billion, or less than half of what Musk paid for it six months ago. The site has so far only removed the blue tick for the New York Times’ primary Twitter account, despite pledging to remove all old blue ticks for verified users as of 1 April.