SNEAK PEEK
- Musk replaced Twitter’s traditional bird icon with the Shiba Inu, the same dog breed featured in Dogecoin’s logo.
- It is still being determined whether the change in Twitter’s icon is permanent.
- The recent news has resulted in a surge in the price of Dogecoin’s native token, DOGE.
The cryptocurrency, Dogecoin (DOGE), first introduced in 2013, has recently gained significant attention from crypto investors. This surge in interest is largely due to a price increase after reports of Elon Musk’s involvement in the coin. The well-known investor, who also owns Twitter, replaced the social media platform’s traditional bird icon with the Dogecoin icon logo.
The Twitter logo update was introduced late on Monday afternoon, and it was announced by the CEO of Tesla, Elon Musk, who tweeted, “As promised.” Musk was responding to users who had previously requested that he replace the Twitter logo with that of DOGE following his purchase of the social media platform.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
It remains to be seen whether replacing the bird icon on Twitter with the Shiba Inu, following Elon Musk’s announcement, is a permanent change.
These recent developments come after Elon Musk and his legal team requested that the court dismiss claims made against him by Dogecoin investors, who accused him of running a pyramid scheme for him to support the meme coin.
Elon Musk and his legal team have denied the allegations brought against them in court, with Musk’s lawyers referring to the lawsuit by Dogecoin investors as a “fanciful work of fiction.” The lawyers argued that Musk’s “innocuous and often silly tweets” were not a basis for the charges.
The recent news has resulted in a surge in the price of Dogecoin’s native token, DOGE, which has seen an increase of 24.80% on the bullish side and is currently being traded at $0.09841. Additionally, Dogecoin’s market capitalization has risen by 24.70% to $13,617,548,967, with a trading volume increase of 554.04% to $4,600,102,857 over the last 24 hours.