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Why did Elon Musk switch the Twitter logo to the Dogecoin logo?
Note Twitter’s mobile app still features the blue bird logo.
With his most recent Twitter project, a new logo that replaces the bird with Dogecoin, Elon Musk has gained media attention again.
On Monday’s website version of the social network, the unmistakable Twitter bird icon above the home button abruptly changed to the “doge” of the cryptocurrency Dogecoin.
Why Did Elon Musk Replace Twitter’s Blue Bird Logo With the Doge Meme?
The Twitter mobile apps reportedly needed to be more balanced. The cryptocurrency and blockchain of Dogecoin.
Developed in 2013 as a joke that used the Shiba Inu doge to mock other cryptocurrencies like Bitcoin.
Why is Dogecoin increasing right now?
Musk purchased Twitter for $44 billion in the fall of last year.
On Twitter and when hosting “Saturday Night Live” the previous year, he endorsed Dogecoin. He is a well-known Doge meme superfan.
The price of Dogecoin increased by more than 30% on Monday, the day after Twitter’s online logo changed.
The new Twitter logo did not simply drive the cryptocurrency’s price.
The price of Dogecoin also soared a few weeks ago when Musk posted a picture of the dog and referred to him as the new CEO of Twitter.
Why the Dogecoin Twitter logo was chosen
The second-richest person in the world tweeted a screenshot of a conversation he had on Twitter to explain why he changed the Doge logo.
It was in March 2022 that the conversation with @WSBChairman took place. He captioned the picture, “As promised.”
Before buying the social media network, the billionaire tweeted the following in March 2022: Given that Twitter has essentially become the public town square.
Ignoring the ideals of free expression fundamentally threatens democracy. What needs to be done?
A Twitter user cited above recommended that Musk purchase Twitter and alter the company’s emblem to a doge.
Musk had replied, “That would be sick, haha.
It was not intended humorous when Musk charged with racketeering for supporting Dogecoin in a case brought before the US District Court for the Southern District of New York in June 2022.
According to Reuters, Musk’s legal team submitted a motion to dismiss the case on March 31.
Musk sued by the plaintiffs, who sought an astounding $258 billion in damages.
Drew attention to his “SNL” hosting role, in which he played a fictitious financial expert who, among other things, called Dogecoin a “hustle” and mentioned it.
The claimants have yet to show how Musk’s comments regarding Dogecoin misled anyone.
Also, they have yet to discuss the hazards that Musk said to kept from investors, according to the legal brief from Musk.