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Home Tech and Business

Dogecoin Price Escalates After Elon Musk Replaces Twitter Bird With Shiba Inu.

Elton Ndung'u by Elton Ndung'u
2023/04/04
in Tech and Business
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Dogecoin Price Escalates After Elon Musk Replaces Twitter Bird With Shiba Inu.
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Twitter’s iconic bird logo has been replaced by an image of a Shiba Inu, believed to be a nod to Dogecoin, the meme-inspired cryptocurrency that Elon Musk has been sued over.

Musk acknowledged the change on Monday, tweeting an old conversation in which a user suggested he should “change the bird logo to a doge”.

The change appeared on the social media platform just two days after Musk requested a judge to dismiss a $258 billion racketeering lawsuit brought against him by Dogecoin investors.

Musk and Tesla lawyers dismissed the lawsuit as a “fanciful work of fiction” over Musk’s tweets.

It is unclear whether the new logo is permanent, but Musk has a reputation for trolling his followers and critics on Twitter.

Meanwhile, the price of Dogecoin, which is known for its volatility, has increased by over 20% in the past 24 hours, trading at around 9 cents.

The cryptocurrency was created in 2013 as a joke by two software engineers and takes its name from the “doge” meme that became popular ten years ago.

Its Shiba Inu mascot imitates the meme’s iconic image of a dog surrounded by broken English text in Comic Sans font.

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