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.
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.