The change came after Musk’s lawyers asked a judge to dismiss a $258 billion lawsuit accusing him of artificially inflating dogecoin’s price.
cryptocurrency. Twitter changed its logo on its website at around 1:30 p.m. Eastern time, sending the volatile cryptocurrency’s price soaring more than 30% in just over 30 minutes to more than $0.10—the first time dogecoin has crossed the $0.10 threshold since early December.
Twitter’s logo did not change on its app, while the platform’s official accounts also maintained the hallmark blue “Twitter Bird” branding. The platform did not respond to a request for comment, while Musk did not immediately provide an explanation for the change. He did, however, tweet a meme cartoon shortly before 3 p.m. of a Shiba Inu showing an ID photo of the Twitter Bird to a police officer and informing the officer, “That’s an old photo.”Dogecoin is still well below its all-time peak of just above $0.70 per coin in May of 2021, but significantly higher than its trading price for the first few years of its existence, when it traded for fractions of a cent.
, “There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency.” Musk has said in the past that he owns dogecoin, but it’s not clear how much.We estimate Musk’s net worth at $194 billion as of Monday afternoon, mostly due to his stakes in Tesla and SpaceX, making him the world’s second-wealthiest person, behind LVMH’s Bernard Arnault.
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