Cryptocurrency enthusiasts were left puzzled when Twitter replaced its iconic blue bird logo with a shiba inu image associated with Dogecoin, a popular memecoin cryptocurrency. As billionaire owner Elon Musk remained tight-lipped about the change for hours, speculation swirled around the reasons behind this unexpected move.
- The Logo Change: From Twitter Bird to Dogecoin’s Shiba Inu
On Monday, US time, users noticed that Twitter’s blue bird logo had been swapped out for the shiba inu image linked to Dogecoin. The company, along with Musk, initially did not acknowledge the change, leaving users to speculate about its purpose.
- Musk’s Cryptic Response
In true Musk fashion, he eventually tweeted a meme acknowledging the logo change, followed by a reference to a joke made by a follower in March 2022 suggesting that he should buy Twitter and replace the logo with Doge. The official Dogecoin account responded with a tweet that read: “Very currency. Wow. Much Coin. How Money. So Crypto.”
- User Speculations: April Fool’s Gag or Diversion Tactic?
While some users believed the logo change might have been an April Fool’s Day gag that couldn’t be implemented on time, others speculated that it was an attempt to divert attention from a lawsuit filed against Musk by Dogecoin investors, seeking $258 billion in damages over an alleged pyramid scheme. Musk and Tesla’s lawyers have called the lawsuit’s allegations a “fanciful work of fiction.”
- Dogecoin’s Value Surges Following the Logo Change
Following the logo change, Dogecoin’s value jumped from $0.079 to $0.094, its highest level since November of the previous year. Meanwhile, Twitter’s value has reportedly dropped to under $20 billion, less than half of what Musk paid for the platform six months ago.
The sudden and unexplained change of Twitter’s logo from its blue bird to Dogecoin’s shiba inu image has left users guessing about the motives behind the move. While some suspect it to be a delayed April Fool’s Day prank, others believe it might be a diversion tactic related to the ongoing lawsuit against Elon Musk. As the mystery remains unsolved, the value of Dogecoin has surged, highlighting the continuing influence of Musk’s actions on the cryptocurrency market.