Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business

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Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu | CNN Business
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Twitter's traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over

Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over. Musk addressed the change Monday afternoon, tweeting, “as promised” above an image of a year-old conversation in which another user suggested that Musk “just buy Twitter” and “change the bird logo to a doge.

Lawyers for Musk and Tesla called the lawsuit by dogecoin investors a “fanciful work of fiction” over Musk’s “innocuous and often silly tweets.” It wasn’t clear whether the logo change was permanent. Musk has been known to use Twitter to troll both his fans and his critics. The price of dogecoin, which is typically volatile, was up more than 20% over the past 24 hours, to about 9 cents. It was trading just under 8 cents Monday morning.

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