Gulte News
Elon Musk’s recent Twitter update caused a stir among users when the blue bird logo was replaced with a Shiba Inu, the symbol of the cryptocurrency Dogecoin. This change occurred just one day after Musk asked for the dismissal of a $258 billion lawsuit that accused him of inflating the value of Dogecoin intentionally. In response to the update, Dogecoin’s value soared by almost 30%, and “Doge” started trending on Twitter.
The CEO of Twitter, Musk, shared a post showing the face of the Doge meme driving a car while a police officer supposedly checks the driving license, which displays the “old” blue bird logo. He also shared an old conversation where a user asked him to “buy Twitter and change the bird logo to a doge,” to which Musk replied, “as promised.”
The official Twitter account of Dogecoin responded to the change in the style of the famous meme, writing, “Very currency. Wow. Much Coin. How Money. So Crypto.” However, the mobile version of Twitter remained unchanged. This update occurred just days after Musk’s crackdown on “legacy” blue ticks, and Twitter began removing the verified check marks of accounts, including the New York Times, that have refused to pay for the service.
Musk’s legal team had recently defended the Tesla CEO against a lawsuit by Dogecoin investors, calling it a “fanciful work of fiction” over his “innocuous and often silly tweets” about the cryptocurrency. The lawsuit alleged that Musk purposely increased Dogecoin’s price more than 36,000% over two years and then let it crash, resulting in huge losses for investors. However, Musk’s team argued that statements like “Dogecoin Rulz” and “no highs, no lows, only Doge” held no ground in backing up these claims.
