Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

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Elon Musk's Unlikely Marketing Ploy Sparks Wild Ride for Dogecoin

In a move that has left the cryptocurrency world abuzz, Twitter's CEO Elon Musk replaced the platform's iconic bird logo with an image of a Shiba Inu dog - a nod to dogecoin, the meme-based cryptocurrency at the center of a contentious lawsuit against Musk.

Musk took to Twitter on Monday afternoon, tweeting "as promised" alongside an image from a year-old conversation where another user suggested that Musk should change the bird logo to a doge. The move came two days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support dogecoin.

The lawsuit, brought by investors in dogecoin, has been labeled as "fanciful work of fiction" by lawyers for Musk and Tesla. Despite this, the price of dogecoin has surged over 20% in just 24 hours, now trading at around 9 cents per coin - a significant jump from its Monday morning price of under 8 cents.

Dogecoin was created back in December 2013 as a joke by two software engineers, with the name and mascot paying homage to an old internet meme. The cryptocurrency's value has always been volatile, but this latest surge seems to be linked to Musk's move on Twitter.

While it's unclear whether the logo change is permanent, one thing is certain: Elon Musk's latest marketing ploy has sent dogecoin enthusiasts into a frenzy, and the cryptocurrency is now at the center of a wild ride.
 
omg this is wild lol I was just thinking about dogecoin the other day and how its been kinda getting some flak from the "crypto elite" but it's like who cares? it's still gonna be a meme coin at heart and if elon's gonna give it some love then idc what happens to its value 🐶💸
 
I don’t usually comment but I guess this whole thing with dogecoin is kinda wild 🤯. I mean, who would've thought that Elon Musk's tweet about changing the Twitter bird logo to a Shiba Inu would cause dogecoin to shoot up in value like that? It’s like he’s got some sort of magic marketing wand ⚡️.

But at the same time, it makes sense that people would get all excited about it. I mean, Elon Musk is basically the most famous person on Twitter right now, and when he speaks, people listen 🗣️. And dogecoin enthusiasts are like a big happy family – they love their meme-based cryptocurrency with a passion 🔥.

I don’t know what the future holds for dogecoin or whether this whole thing was just a publicity stunt, but one thing's for sure: it’s been entertaining to watch 📺.
 
omg this is so lit 🤩 i've been saying it for ages that dogecoin was gonna blow up with musk on board lol he literally replaced the bird logo with a shiba inu and it's already causing a stir! 20% surge in 24 hours is crazy 💸 like, what even is the logic behind this? but honestly i'm all for it 🤪 who wouldn't want to see elon musk with that adorable face on twitter every day 😂 anyway, i'm totally buying into dogecoin now and riding this wild ride out 👍
 
omg what's up with elon musk?? 🤯 he's basically advertising for dogecoin by replacing the twitter logo with a shiba inu 🐶! i mean i get it, he wants to support his favorite meme coin, but 258 billion lawsuit? that's wild 💸. and now the price is surging like crazy 📈. it's crazy to think about how one tweet can make such a big impact on the crypto world 🌎. i'm not gonna lie, i'm kinda hyped to see where this goes next 🤔.
 
man this is just great 🤦‍♂️ I mean who needs financial stability when you can have a bunch of people going crazy over a meme? dogecoin was already volatile, what did we expect? 😂 but come on, 20% in 24 hours? that's insane 💸 i wonder how many of those buyers are just speculators trying to make a quick buck. and elon musk thinks this is some kind of clever marketing ploy... please 🙄 he's just poking the bear at this point. it'll be fun to see if this momentum keeps going or if it crashes and burns like everything else in his life 💥
 
omg i was low-key hoping for some more drama from musk lol his logo swap to shiba inu tho 🐶😂 can't believe it's sparking this huge wave for dogecoin i mean it's been around since 2013 but clearly still has a weird cult following 🤪 anyway i think musk's just trolling us at this point who knows how long the new logo will stay or if he's just trying to stir up more attention for dogecoin? one thing's for sure tho, it's making headlines and keeping me entertained 📺👀
 
I'm low-key impressed how fast Dogecoin can turn around its value just 'cause Elon Musk changed Twitter's logo to that cute Shiba Inu face lol 💁‍♂️🐶 But I gotta ask, what's up with the price surging like this? Is it really people buying into the hype or is there something more going on behind the scenes? And how long will this wild ride last 🤔💸
 
awww man 🐶🤯 i feel like elon musk is just trying to have some fun with all this lol 😂 but for real though, it's crazy how one tweet can make dogecoin price jump so much 🚀💸 20% in just 24 hours is wild! 💥 and yeah, it's no secret that dogecoin has been super volatile since its creation back in 2013 🤯 i mean, who knew being a meme-based cryptocurrency could be such a good thing? 😂 i guess we'll see what happens next with this lawsuit and the value of dogecoin 🤑💸
 
I'm loving this whole situation 😏. I mean, who doesn't love a good underdog story? Dogecoin was already this quirky little meme currency that nobody really took seriously, but Elon Musk comes along and gives it some serious publicity. It's like he's playing the ultimate marketing troll - "oh, I'll just change my logo to a dog face, because why not?" 🐶💸.

And let's be real, the price of dogecoin is basically just a joke at this point. 20% in 24 hours? That's insane! It's like people are just playing along with the hype train and seeing where it takes them. I'm kinda curious to see how this all plays out - will dogecoin actually keep going up, or was it just a wild fluke? Either way, I'm here for the ride 😂🚀.
 
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