Shortly after the Twitter logo was modified, the price of the cryptocurrency Dogecoin rose by more than 30%.
Edited By: Hotmantra News Desk, New Delhi, Updated on: April 04, 2023 20:05 IST
As soon as CEO Elon Musk changed the iconic blue bird emblem of Twitter with a parody of the Dogecoin cryptocurrency, fans of the microblogging site swarmed the platform. As users responded to the abrupt logo change, #TwitterLogo:Twitter logo with Doge, was one of the most popular trending topics.
A lot of people were interested when the doge meme, which was first made as a joke in 2013, reappeared on Monday on Twitter’s online platform.
The doge meme (a Shiba Inu) was depicted in the car giving advice to the policeman who is seen inspecting the driver’s licence in Elon Musk’s mysterious update.
Several people believed that Musk updated the design to honour his Shiba Inu puppy, Floki.
The Twitter mobile app, however, remained unchanged. A well-known and well-liked bitcoin and blockchain logo is the doge meme (Shiba Inu).
Elon Musk also revealed a snapshot from a discussion from March 26, 2022, in which the “Chairman” user, who went by an anonymous alias, requested that Musk change the bird’s insignia to the word “doge.” As the logo was updated, Musk wrote, “As promised.”
This has drawn users’ notice on social media and sparked a meme tempest. The reason Musk changed the Twitter logo was the subject of humorous tweets and satirical remarks.
As a result of the alteration to the Twitter emblem, the following parodies have been tweeted:
Looks like #Floki wished to have some fun, according to a message from the cryptocurrency Floki.
In a “Godzilla”-inspired image shared by a user, a Shiba Inu is depicted charging at Twitter and Facebook.
“The new Twitter emblem is wonderful,” a user commented in praise of the new design.
When the emblem was modified, Dogecoin’s worth increased by more than 30%. Shiba Inu named Kabosu serves as Dogecoin’s mascot.
It has happened before that Elon Musk’s comments have caused cryptocurrency values to soar.
Musk dubbed his canine the “new CEO of Twitter” in a post from February that featured a photo of the dog seated in the CEO’s chair. Memecoins, a parody currency, have reportedly become more expensive, according to Forbes magazine. When Musk posted that Dogecoin could be used to purchase Tesla goods in January of last year, the value of the cryptocurrency increased by more than 26%.
Investors claimed that Musk, who according to Forbes is the second-richest individual in the world, drove the price of Dogecoin up by more than 36,000% in just two years before letting it collapse.