Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

Elon Musk's Twitter bird has been replaced with a picture of a Shiba Inu, the iconic canine mascot of the joke cryptocurrency Dogecoin. The change comes just days after Musk asked a judge to dismiss a $258 billion lawsuit accusing him of running a pyramid scheme to support Dogecoin.

Musk had tweeted "as promised" along with an image of the conversation that led to the idea for the logo change, which appears to be a nod to his involvement with Dogecoin. The lawsuit, filed by Dogecoin investors, claims Musk is using his tweets to manipulate the cryptocurrency's value and run a pyramid scheme.

However, lawyers representing Musk and Tesla have dismissed the lawsuit as a "fanciful work of fiction" and an attempt to deflect attention from Musk's "innocuous and often silly tweets." The lawsuit accuses Musk of using Dogecoin to further his own interests and enrich himself at the expense of investors.

The price of Dogecoin has surged over 20% in the past 24 hours, with the cryptocurrency trading just under 9 cents per coin. Its creation dates back to December 2013 as a joke by two software engineers who wanted to poke fun at internet culture. The Shiba Inu mascot is a nod to the "doge" meme that became popular on the internet around the same time.

It remains unclear whether the logo change will be permanent, as Musk has a history of using Twitter to troll both his fans and critics. Despite this, Dogecoin's price increase has sparked interest in the cryptocurrency among some investors.
 
πŸ€” so i wonder if musk's tweeting about dogecoin is just a way to keep his followers engaged or if he's actually trying to pump up the price πŸš€? either way, it's def an interesting move to replace the old twitter bird with a shiba inu πŸ•. some people might say it's a nod to dogecoin's humble beginnings as a joke cryptocurrency from 2013 🀣, but others might see it as a clever marketing ploy πŸ€‘. what do u think? is musk trying to build hype for dogecoin or just trolling his followers like he always does 😜?
 
I'm not sure what's going on with Elon Musk and Dogecoin πŸ€·β€β™‚οΈ... I mean, it's one thing to poke fun at internet culture as a joke, but then to have his own logo on Twitter? It feels like he's trying to walk the fine line between being funny and being shady 😏. On one hand, it's pretty cool that Dogecoin is making a comeback with its price surging over 20% πŸ€‘. But at the same time, I'm skeptical about Musk's intentions... is he really just playing along or is there more to this than meets the eye? πŸ€”
 
I gotta say, Elon Musk is really testing our patience with these Twitter antics 🀣. First, he's asking a judge to dismiss a lawsuit that says he's running a pyramid scheme to support Dogecoin, and then he goes ahead and changes his Twitter bird to a Shiba Inu picture? It's like, dude, make up your mind already! πŸ˜‚ The price of Dogecoin has definitely taken off since the logo change though, which is kinda funny considering it was originally created as a joke πŸ€ͺ. I'm not sure what's going on with this guy, but one thing's for sure - you've got to keep an eye on him if you're into cryptocurrency πŸ€‘
 
omg 🀯 just heard that Elon's tweet bird is now a Shiba Inu lol πŸ˜‚ i mean what even is up with that? it's like he's trolling us at this point and saying "hey remember me, i'm kinda important" πŸ™„ anyway, the whole Dogecoin thing is wild. i mean 20% price increase in one day? that's insane πŸ’Έ some people are getting rich off this meme coin, which is pretty crazy... and then you got Elon just casually throwing his weight behind it like "as promised" πŸ€·β€β™‚οΈ does he really think we're buying all the hype? πŸ€‘
 
omg u guys have u ever thought why Elon changed his bird to a shiba inu?? πŸ€”πŸ’‘ i think its not just a coincidence that he tweeted about it after asking for that lawsuit to be dismissed... like, what if hes trying to distract us from the real issue at hand? maybe hes using dogecoin as some kinda money laundering scheme or somethin πŸ€‘πŸ˜ idk but thats my two cents... and btw, has anyone else noticed how weirdly consistent it is whenever elon tweets about something major? its always like he's trying to make a point, whether we want to listen or not πŸ’­πŸ‘€
 
I'm really confused about this whole thing πŸ€”... Like Elon Musk is trying to replace Twitter bird with a Shiba Inu picture but at the same time there's a lawsuit saying he's running a pyramid scheme and manipulating Dogecoin's price? It just doesn't add up, you know? πŸ™ƒ

And what's up with the $258 billion figure in the lawsuit? I mean, isn't that like, a lot of money? 😲 But at the same time, Dogecoin's value has gone up by over 20% in just a day, which could be seen as a positive for investors. πŸš€

I'm not sure if Musk is trying to troll us or what but I think this whole thing is getting pretty out of hand 🀯... Can someone explain it to me like I'm five? πŸ€”
 
I'm literally freaking out over this new Twitter bird 🐦🀯! I mean, I've been a huge fan of Shiba Inus since they became all the rage on the internet (those adorable little faces 😍). And now that it's officially part of Twitter... wow. It just goes to show how much Elon Musk loves to stir up some drama and keep things interesting πŸ€”. I'm not sure if I love it or hate it, but one thing's for sure - this logo change is definitely making headlines πŸ”₯! Has anyone else noticed how the price of Dogecoin has skyrocketed? That's some wild speculation going on over there πŸ’ΈπŸ‘€.
 
πŸ€” I think this whole thing is about being true to yourself and not taking life too seriously. Elon Musk is basically saying "ok, you want a Shiba Inu on my bird? FINE". It's like when someone asks you what your favorite hobby is and you're all like "um, I don't really have one" but then they see how passionate you get about something weird just to make yourself happy. Maybe Musk is trying to show us that it's okay to be a little silly and not take ourselves too seriously? πŸΆπŸ’Έ
 
I gotta say, it's kinda funny that Elon is basically trolling everyone with this Shiba Inu logo change. Like, he's totally aware of the lawsuit going on and just decides to make a joke out of it. And honestly, I think it's kinda genius marketing. The price of Dogecoin does seem to be rising pretty quickly after all the drama around it... πŸ€‘πŸΆ
 
πŸ€” I'm not buying all the drama surrounding Elon Musk and Dogecoin πŸΆπŸ’Έ. It seems like just another publicity stunt to me 😏. The fact that his Twitter bird has been replaced with a Shiba Inu picture is pretty laughable πŸŽ‰. But, let's be real, the lawsuit against him is looking increasingly dubious πŸ€·β€β™‚οΈ. I mean, who hasn't tweeted something "innocuous and often silly" at some point? It's just not that serious πŸ’β€β™€οΈ. And with Dogecoin's price surging 20% in just 24 hours, it's clear that people are still invested (pun intended) in the cryptocurrency πŸ“ˆ. Maybe Musk is onto something this time 😏. Only time will tell if the Shiba Inu logo stick around πŸ‘€.
 
I think its kinda cool that Elon changed his bird logo to a Shiba Inu πŸΆπŸ’• - I mean, who doesn't love cute doggos? And honestly, its pretty funny that he's nodding to Dogecoin, which started as just a joke πŸ˜‚. The fact that the price of Dogecoin went up by 20% after all this drama is crazy - I guess you could say its a win for Dogecoin (and Elon too, lol). And lets be real, the whole thing with the lawsuit is kinda entertaining 🀣. Its not like we've never seen Elon troll before, so idk if this is gonna be permanent or not 🐾. But hey, at least theres some doggy love on Twitter now 😊!
 
omg like i cant even believe its a shiba inu now lol 🐢🀣 musk is literally trolling us with that logo change and it just proves how much he loves dogecoin πŸ˜‚ anyway i think its kinda funny that hes trying to defend himself against the lawsuit by replacing his bird with a cute lil shiba inu but idc if dogecoin goes up or down im invested all in πŸ’ΈπŸ’³
 
omg u wont believe wut happend on twitter 🐢! so elon musk decided 2 change his bird logo 2 a shiba inu lol like who does that? i guess its a nod 2 dogecoin tho, which is pretty interesting tbh πŸ€”. so theres this lawsuit going around saying he's runnin a pyramid scheme but musk's team says its all good & just a lil joke πŸ™„. i dont really no what 2 think about it tbh, but dogecoin price has surged & its gettin more ppl interested in crypto πŸ’ΈπŸ“ˆ. u guys think hes trollin us or wut?
 
Musk's tweet game is stronger than his business skills 🀣

I'm not surprised about the lawsuit though - when you're trying to make a quick buck off Dogecoin, people are gonna get salty πŸ’ΈπŸ˜’

The Shiba Inu logo change might be just what Dogecoin needs to go mainstream - let's see if Musk can keep up with his own hype 🐢πŸ’₯
 
Umm yeah this is gonna be interesting! πŸ€” So like, let's get real for a sec - if Elon's tweeting about Dogecoin causing it to go up 20% in one day, that's gotta count as some kinda scam right? I mean, if he's not even trying to hide it anymore, that's just a big red flag 🚨. And what's with the Shiba Inu logo change tho? Like, is he really trying to send a message here or is it just a wild goose chase? 🐢 Either way, I'm keeping an eye on this one...
 
Ugh, I'm so confused about Elon's tweets lol πŸ˜‚πŸΆ. Like, can't he just stick to one logo? The Shiba Inu thing is kinda funny though, especially since it's a meme 🀣. But seriously, who gets sued for making a joke coin and then profits from its value? It sounds like some people are getting taken advantage of πŸ’Έ. And honestly, I don't get why the lawyers are so quick to dismiss the lawsuit - isn't there a point where someone's tweets can be considered fake news or manipulation? πŸ€”. Anyway, it's interesting to see how Dogecoin's value has surged just because Elon tweeted about it πŸ‘€. Guess you could say his tweet is "dogging" the market now πŸΆπŸ˜‚
 
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