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Twitter’s iconic blue bird is gone?! Elon Musk replaced the Logo with a dog, and Dogecoin rose by more than 20% in response!

05/04/2023

The most representative pattern of Twitter is the blue “Twitter bird”! But what if Twitter’s logo was no longer the “Twitterbird” but a Shiba Inu? 

Twitter CEO Elon Musk recently replaced the “Twitter Bird” logo with a Shiba Inu, and this Shiba Inu pattern matches Elon Musk’s recently controversial Dogecoin representative logo. However, it is still unknown what the Shiba Inu icon will be.

Based on reports from foreign media, Elon Musk posted a meme photo on Twitter on the afternoon of April 3rd, showing the intention to replace the old “Twitter bird” with a Shiba Inu. Many netizens also left messages under Elon Musk’s picture and text. Unfortunately, many meme pictures and texts were left behind, and some netizens even “fused” the Shiba Inu with the Twitter bird. It is worth mentioning that after Twitter’s official website replaced the “Twitter Bird” icon with Dogecoin’s Shiba Inu, Dogecoin was once again promoted to the darling of the encryption market and soared by more than 20%.

Elon Musk once called himself the “Father of Dogecoin” and often posted pictures and texts about Shiba Inu on Twitter. Every time he made a move, the price of Dogecoin soared. It is understood that Dogecoin was created as a joke, but it was accidentally “favoured” by Elon Musk. He mentioned Dogecoin as early as 2019 and said it was his favourite cryptocurrency. He gradually became an “unofficial spokesperson”, and the price of Dogecoin also fluctuated greatly under his influence.

Because of Elon Musk’s influence, the “endorsement” of Dogecoin has also caused him a lot of trouble. In June last year, a Dogecoin investor named Keith Johnson accused Elon Musk in the U.S. District Court of continuous publicity and support. In addition, the cryptocurrency deliberately pushed up the price of Dogecoin by 360 times in more than two years, luring others to take over the order at a high level and then let the price collapse.

The investor pointed out that Elon Musk himself knows that Dogecoin has no intrinsic value, which is a “Ponzi scheme”, but he still uses his impression to promote it, and make considerable profits in the process of operation, allowing investment Investors have to bear the losses, so Elon Musk is required to compensate him and other investors for a total of 258 billion U.S. dollars.

However, on Friday local time, Elon Musk’s lawyer said in a court document that investors never explained how Elon Musk intended to deceive others and how he concealed risks. The lawyer also said that Elon Musk tweeting about A pro-speech or funny picture of a legitimate cryptocurrency is not illegal.

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