The Twitter iconic bird logo has been replaced with none other than the doge meme, featuring a Shiba Inu dog with a cheeky expression.
While Twitter has yet to make an official announcement about the change, the internet is abuzz with speculation about the reason behind it. Many are pointing fingers at tech mogul Elon Musk, who is known for his affinity for Dogecoin and often tweets about the cryptocurrency.
Dogecoin, a meme-inspired cryptocurrency, has been in the news lately due to its rollercoaster ride in value. In May 2021, its price reached an all-time high, but it has since declined significantly. Despite this, the hype around Dogecoin continues, and its value recently saw a surge again, thanks to the likes of Musk and other celebrities.
Musk, in particular, has been facing legal trouble over his tweets about Dogecoin. He is currently embroiled in a $258 million racketeering lawsuit that accuses him of promoting Dogecoin through a pyramid scheme. In response, Musk's lawyers have argued that his tweets were merely jokes, and not meant to manipulate the market.
With this background, Twitter's new doge-y logo has raised questions about whether Musk is trying to make a statement or create a buzz around Dogecoin once again. Some speculate that it could be a subtle nod to the cryptocurrency's recent rise in value, while others believe it's a clever April Fools' joke, albeit a little late.
Regardless of the reason behind it, the doge-y logo has caught everyone's attention and sparked a new round of conversation around Dogecoin and Musk's influence on the market. Some even predict that the logo change could be a part of a larger plan by Musk to make a quick profit through a pump-and-dump scheme.
Only time will tell if the new Twitter logo is a joke, a marketing ploy, or a sign of something bigger in the world of cryptocurrency. For now, we can sit back, relax, and enjoy the doge-y goodness on our Twitter feeds.