In an unexpected move, Twitter’s famous blue bird logo has been replaced by the iconic Shiba Inu that went viral, causing Dogecoin’s value to rise by more than 22% in the past 24 hours.
The change comes after billionaire Elon Musk took control of the social networking giant in a $44 billion deal in October 2022. Changing the logo with the avatar of the Dogecoin meme coin drew mixed reactions from Twitter users.
Dogecoin Jumps 22% After Shiba Inu Symbol Representing Blue Bird Appears on Twitter Main Page #DogecoinToTheMoon #Dogecoin https://t.co/LZyPbIu1BE
— Kyptos (@azcoinnews) April 3, 2023
Some found the change amusing and in keeping with Musk’s sense of humor. However, many others have also questioned whether the platform was hacked. Or is this just a belated April Fool’s joke?
Fortune reporter Leo Schwartz described the change as a ploy to distract users from the ongoing Twitter Blue controversy. So Twitter Blue, a service that allows registered users to verify their accounts with a blue checkmark, is replacing the old system that only granted authentication to well-known accounts. Additionally, Twitter Blue requires “old verified accounts” to pay a monthly fee to maintain verification.
However, almost all prominent media companies, celebrities and politicians are refusing to pay, which is becoming a big problem for the social media platform Twitter.
DOGE/USD 4H Chart | Source: TradingView
However, in any case, the price of Dogecoin is also quite favorable. At press time, DOGE is trading at $0.0944.
- Elon Musk Asks To Dismiss $258 Billion Dogecoin-Related Lawsuit
- Where is Dogecoin (DOGE) next after losing support?
according to Kyptos