ISLAMABAD: Twitter has changed its iconic blue bird logo replacing it with the famous shiba inu image associated with the Dogecoin meme cryptocurrency.
For hours, neither Twitter nor the company’s CEO Elon Musk acknowledged the change.
The confusion was further aggravated amid an apparently unrelated bug, that surfaced simultaneously, associated with an increasing number in Twitter’s user interface, and removing the ability to tell which tweets had been retweeted on one’s timeline.
Musk eventually tweeted a meme about the change.
— Elon Musk (@elonmusk) April 3, 2023
It was followed by another tweet offering an explanation to the change. Musk tweeted ‘As promised’ alongside an image in a throwback to a joke that a follower made in March 2022 suggesting that he should buy Twitter and replace its logo with Doge.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
The official Dogecoin account also tweeted, “Very currency. Wow. Much Coin. How Money. So Crypto.” in response.
Very currency
Wow
Much Coin
How Money
So Crypto pic.twitter.com/hw6H2OOn33— Dogecoin (@dogecoin) April 3, 2023
Dogecoin’s value surges by 30%
Immediately after Twitter’s logo changing, the niche cryptocurrency witnessed a 30% rise in value from $0.079 to $0.094, the highest since November last year.
It is not yet clear what is the actual reason behind Twitter’s logo change which caused a massive surge in Dogecoin’s value. But one possible explanation is that Musk wants a $258 billion lawsuit, accusing him of running a pyramid scheme to promote Dogecoin, thrown out.
Twitter is now worth less than $20 billion, according to a leaked internal memo, not even half of what Musk bought it for six months ago. Despite promising to remove legacy blue ticks for verified users from April 1, the social media site has only pulled the check mark from main account of The New York Times so far.
