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.