When Elon Musk replaced the Blue Bird symbol on Twitter with a Shibu Inu dog, the price of Dogecoin spiked once more

Twitter’s Blue Bird account has apparently been deleted. Elon Musk changed the picture of the famous bird to that of a Shiba Inu dog breed. The Chief Executive Officer of Twitter announced the news in a tweet, stating that he had implemented the modification that he had previously pledged to do. Dogecoin investors have filed a lawsuit against Elon Musk for racketeering, claiming that the value of the currency, which was initially created as a joke but is now traded, has been negatively impacted by Musk’s tweets.

A user urged Elon Musk to “just buy Twitter” and to “change the bird logo to a doge” in an old conversation that Elon Musk tweeted out as an image. The conversation was between Elon Musk and the user. Above the image of the conversation that was shared a year ago, Musk wrote the words “as promised.”

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The image of the Shibu Inu also comes on the micro blogging platform, a couple of days after Elon Musk asked a judge to dismiss a lawsuit filed against him by investors. The plaintiffs allege that Elon Musk ran a pyramid scheme in order to support the Dogecoin. They filed a $258 billion racketeering lawsuit against the Tesla CEO.

Dogecoin is a volatile cryptocurrency. It saw an uptick of over 20 percent in the past twenty hours and is at about 9 cents. On Monday morning, it was trading at about 8 cents.

Elon Musk has made a lot of changes on the micro blogging platform. Some of them include trimming the workforce and changing its verified program. All users are expected to pay $8 each month to get a verified blue tick. Twitter said that accounts which do not pay the monthly fee will lose their verification badge from April 1.

As of now, it remains unclear whether the change of the icon of Twitter is temporary or permanent. If it becomes permanent will tweets be called barks in future? We wonder!

CWEB has provided some information for this story.

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