Many eagle-eyed Twitter followers observed on Monday that the social media platform’s customary blue fowl icon had been swapped out for the ever-popular Doge meme.
The illustration of the Shiba Inu canine, which has turn out to be the unofficial image for the Musk-backed cryptocurrency Dogecoin, appeared to look randomly, although Musk Tweeted a proof by referencing an change he had with a consumer earlier than he bought Twitter final yr.
Associated: Tesla Subpoenaed By the SEC (Once more) Over Elon Musk’s Tweets
The consumer @WSBChairman joked with Musk that he ought to simply “purchase Twitter” and “change the fowl brand to a doge” after Musk requested his followers on the time if a “new platform was wanted.”
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
Musk, who’s been accused of market manipulation for Tweeting about varied shares and meme cash, appeared to have moved the needle as soon as once more for Dogecoin, which skyrocketed an estimated 20% yesterday after the emblem change.
As of Tuesday afternoon, Doge nonetheless appeared rather than the fowl brand on the social media platform. Dogecoin was up just below 33% in a seven-day interval on the similar time.
Associated: Dogecoin Cocreator Calls Elon Musk a ‘Grifter’ Who Had Bother Operating Fundamental Code
The choice to vary the emblem won’t have been fully random, as CNBC reported over the weekend that Musk and his crew filed to dismiss a lawsuit that accuses the billionaire of operating a “pyramid scheme” to pump up and deplete the Dogecoin valuation through his Tweets.
“There may be nothing illegal about tweeting phrases of help for, or humorous photos about, a reputable cryptocurrency that continues to carry a market cap of almost $10 billion,” Musk’s attorneys said, per the outlet. “This court docket ought to put a cease to plaintiffs’ fantasy and dismiss the grievance.”
Musk was a part of one other Twitter-related class motion lawsuit final summer time, when he was accused by shareholders of being chargeable for tanking the Tesla inventory after Tweeting that he had “funding secured” to take the corporate personal.
A jury discovered Musk not accountable for the losses earlier this yr, for which Musk stated he was “deeply appreciative.”
