Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change.
Twitter Bird Logo Changes to Doge
Twitter has updated its logo, replacing it with a picture of the famous Shiba Inu Doge. It is uncertain how long the Doge logo will last, but it has become a topic of conversation on Twitter since people noticed the change. “Does anyone else see Doge as the Twitter logo?” one person asked at 1:30 p.m. ET. The news follows Elon Musk’s insistence that a judge should drop the billion-dollar lawsuit and stressed that tweeting support for Dogecoin is not unlawful.
It also comes at a time when blue checkmark verifications may disappear for Twitter users who do not pay a fee. Twitter’s original blue bird logo is called “Larry T Bird,” and it was inspired by NBA legend and Hall-of-Famer Larry Bird. There was no formal announcement of the logo change, and people suspected Elon Musk is behind it due to his fondness for the famous Shiba Inu meme.
— Elon Musk (@elonmusk) April 3, 2023
The meme coin dogecoin (DOGE), which is the eighth largest cryptocurrency by market capitalization, surged more than 23% on the news. DOGE reached a high on Monday of $0.1011 per unit, and it had $1.22 billion in 24-hour global trade volume.
Year-to-date, DOGE is down 28%, but over the last two weeks, the meme coin has increased by 30%. “DOGE logo now appears when you log onto Twitter,” one Twitter user commented. “What is Elon Musk trying to tell us, and how long will it stay there?” the individual added.
Musk joked about the logo change by sharing a meme that has more than 175,000 likes and over 22,000 retweets. He also shared an image of the Wall Street Bets (WSB) Chairman telling Musk to change the bird logo to Doge last year. “Haha that would be sick,” Musk replied at the time.
What do you think about Twitter’s decision to change its logo to Doge? Share your thoughts about this subject in the comments section below.