Dogecoin soars 30% after Elon Musk changes iconic blue bird Twitter Web Logo To Shiba Inu

Elon Musk the CEO of Twitter in a surprise move changed the iconic blue bird logo with the “doge” meme of the Dogecoin cryptocurrency. A Dogecoin logo is placed on Twitter website for no apparent reason. With this event the value of Dogecoin skyrocketed to $0.10 in months. The price of the cryptocurrency saw a 30 per cent hike in 30 minutes. Musk has always supported Dogecoin in the past.

It is relevant to cite that the doge image (of a Shiba Inu) is well-known as the logo of the Dogecoin blockchain and cryptocurrency, to make a laughing stock and mock other cryptocurrencies such as Bitcoin, Variety reported.

Earlier in March 26, 2022, Twitter's CEO also shared the screenshot of the, conversation between him and the unidentified account where the latter was asking to change the bird logo to "doge."

Subsequent to Musk tweeted in March 2022, prior to mounting his eventually successful bid to buy Twitter, "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?" Musk tweeted.

To a tweet response @WSBChairman had responded, "just buy twitter... and change the bird logo to a doge." Musk responded, "Haha that would sickkk". He had also posted another photo stating, "Seize the Memes of Production."

On February 15 this year, Musk's love for 'doge' was evident as he posted the photograph of the Dogecoin blockchain and cryptocurrency logo, posing as the CEO, on his account with the caption, "The new CEO of Twitter is amazing."