Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change

On Monday, Twitter users noticed that the accepted bluish vertebrate logo had been replaced by a cartoon representation of Doge. Meanwhile, the starring meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar aft the logo change.

Twitter Bird Logo Changes to Doge

Twitter has updated its logo, replacing it with a representation of the celebrated Shiba Inu Doge. It is uncertain however agelong the Doge logo volition last, but it has go a topic of conversation connected Twitter since radical noticed the change. “Does anyone other spot Doge arsenic the Twitter logo?” 1 idiosyncratic asked astatine 1:30 p.m. ET. The quality follows Elon Musk’s insistence that a justice should driblet the billion-dollar suit and stressed that tweeting enactment for Dogecoin is not unlawful.

After the logo changed dogecoin (DOGE) jumped 20% higher against the U.S. dollar. By 4:00 p.m. Eastern Time connected Monday, April 3, dogecoin (DOGE) was up 23.7% against the greenback.

It besides comes astatine a clip erstwhile bluish checkmark verifications whitethorn vanish for Twitter users who bash not wage a fee. Twitter’s archetypal bluish vertebrate logo is called “Larry T Bird,” and it was inspired by NBA fable and Hall-of-Famer Larry Bird. There was nary ceremonial announcement of the logo change, and radical suspected Elon Musk is down it owed to his fondness for the celebrated Shiba Inu meme.

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

The meme coin dogecoin (DOGE), which is the eighth largest cryptocurrency by marketplace capitalization, surged much than 23% connected the news. DOGE reached a precocious connected Monday of $0.1011 per unit, and it had $1.22 cardinal successful 24-hour planetary commercialized volume.

Year-to-date, DOGE is down 28%, but implicit the past 2 weeks, the meme coin has accrued by 30%. “DOGE logo present appears erstwhile you log onto Twitter,” 1 Twitter idiosyncratic commented. “What is Elon Musk trying to archer us, and however agelong volition it enactment there?” the idiosyncratic added.

Musk joked astir the logo alteration by sharing a meme that has much than 175,000 likes and implicit 22,000 retweets. He besides shared an representation of the Wall Street Bets (WSB) Chairman telling Musk to alteration the vertebrate logo to Doge past year. “Haha that would beryllium sick,” Musk replied astatine the time.

What bash you deliberation astir Twitter’s determination to alteration its logo to Doge? Share your thoughts astir this taxable successful the comments conception below.

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