Cryptocurrency surges 20% after Musk changes Twitter logo to 'meme dog'

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Shiba Inu, a meme-inspired cryptocurrency's price jumped on Tuesday after Elon Musk changed the bluebird logo of Twitter to a dog associated with the digital token, despite the mogul being sued over his previous promotion of the coin.

Agency ReportShiba Inu, a meme-inspired cryptocurrency’s price jumped on Tuesday after Elon Musk changed the bluebird logo of Twitter to a dog associated with the digital token, despite the mogul being sued over his previous promotion of the coin.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.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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Does Elon Musk understand that only birds can tweet? Or are we supposed to be barking on Twitter now😏

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