June 23, 2024
Elon Musk Changes Twitter Logo To ‘Meme Dog’ As Cryptocurrency Surges.
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Elon Musk Changes Twitter Logo To ‘Meme Dog’ As Cryptocurrency Surges.

Despite Elon Musk  being sued over his previous promotion of the cryptocurrency, the business has changed the bluebird logo of Twitter to a dog associated with the digital token causing the price of cryptocurrency’s to jumped today.

His decision to change the logo to a Shibu Inu dog, whether permanent or another short-lived joke, caused the price of dogecoin to surge by more than 20 percent, from below $0.08 to more than $0.10.

The Twitter chief has 133 million followers and has long used the platform for self-promotion and humour, occasionally also promoting dogecoin, a highly volatile cryptocurrency initially created as a joke.

READ ALSO: Elon Musk Puts Twitter’s Value At Just $20bn

Musk bought Twitter in October last year for $44 billion and has since slashed the workforce, introduced paid-for accounts and reinstated banned users including former president Donald Trump.

He is being sued for $258 billion by an investor who claims he lost massive amounts of money because of Musk’s activities, though the billionaire has dismissed those claims.

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