Dogecoin Price Rallied 30% After Elon Musk Substitutes the Twitter Bird Logo With Dogecoin Logo

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Last Updated on April 4, 2023 by Bitfinsider

Twitter’s traditional bird icon was changed with an image of a Shiba Inu, an obvious nod to dogecoin, the joke cryptocurrency for which CEO Elon Musk is being sued.

Musk responded to the change on Monday afternoon, tweeting “as promised” above an image of a year-old conversation in which another user proposed Musk “just buy Twitter” and “change the bird logo to a doge.”

According to Reuters, the doge logo appeared on the site two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of operating a pyramid scheme to support the dogecoin.
Musk and Tesla’s lawyers labelled the lawsuit filed by dogecoin investors a “fanciful work of fiction” based on Musk’s “innocuous and frequently silly tweets.”

It was unclear if the logo change was irreversible. Musk has been known to taunt both his supporters and his detractors on Twitter.

The price of dogecoin, which is notoriously unpredictable, has risen by more than 30% in the last 24 hours to around 10 cents.

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