Musk Swaps Twitter Logo For Logo Of Crypto “Meme Coin” Whose Investors Are Suing Him For $258 Billion

April 3, 2023 Business, Social Media

Tech Crunch reports:

Today Twitter users are noticing that an image of a dog has been added to a place of prominence. You can see it for yourself on Twitter.com, where you will be greeted with a pup. The particular dog image — a Shiba Inu — corresponds with the logo of the dogecoin blockchain and cryptocurrency.

Normally the swapping out or addition of an icon inside an app is not news. In this case cryptocurrency investors sent the value of dogecoin sharply higher in the wake of the inclusion of its logo in Twitter’s app. In short, the social media service’s update has led to a pump.

Fortune reports:



The popular Doge meme is the icon used by the infamous Dogecoin, a cryptocurrency known as a “memecoin.” Dogecoin rallied 20% in just 30 minutes as the internet took notice.

Elon Musk has long been a Dogecoin booster, and his tweets and appearances on television programs, including Saturday Night Live, have frequently impacted the value of the cryptocurrency.

Dogecoin was the first memecoin, or a cryptocurrency that lacks any underlying value aside from its status as a joke. Its levity has not prevented the token from accumulating a massive following, with a market cap surpassing $13 billion. (Each coin is still worth less than 10 cents.)

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