Musk’s Twitter logo change results in 10% rise in Dogecoin price
Elon Musk has replaced Twitter’s bird logo with a doge meme featuring Kabosu, the Shiba Inu that inspired the Doge meme. Both the loading screen and display a picture of Twitter’s homepage feature the new logo.
Musk announced the change on Twitter with a screenshot of a conversation with a user who suggested replacing the bird with a doge. Musk responded, “Haha that would sick.” It’s unclear whether this was an April Fools’ joke, but it caused a 10 per cent increase in the price of Dogecoin.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
However, Dogecoin’s value is still below its peak in May 2021. Additionally, Musk is facing a $258 million racketeering lawsuit accusing him of promoting Dogecoin as part of a pyramid scheme.
In other news, Musk announced that legacy accounts on Twitter will lose their blue checkmarks starting April 1.
Many accounts have already lost their verification sign, but Musk claims that the process is delayed due to staff shortages.
— Elon Musk (@elonmusk) April 3, 2023
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