This is Elon Musk’s latest stunt. The eccentric owner of Twitter replaced, probably on a temporary basis, the logo of his social network with a head of Shiba Inu, sending dogecoin, the cryptocurrency associated with this portrait of a Japanese dog, very popular on the Internet a few years ago. .
The blue bird, symbol of Twitter since the beginnings of the social network, no longer appears on the site at this time. Whether definitive or not, humorous or not, a Shiba Inu dog avatar currently holds its place.
The consequence was not long in coming on Tuesday, April 4, since the dogecoin cryptocurrency, with which this avatar is associated, saw its price jump by 0.08 dollars, to reach 0.10 dollars, an increase of 20%.
In 2013, Elon Musk launched dogecoin as a joke, in response to two popular trends on the Internet: cryptocurrencies, which multiplied following bitcoin, and the swarming montages of these dogs.
The owner of Twitter, which has 133 million subscribers, has long used the platform for self-promotion and humor, sometimes for dogecoin, a cryptocurrency that remains highly volatile.
This tool had been boosted by a frenzy of purchases around improbable values at the start of 2021, and by positive messages from Elon Musk on Twitter. Dogecoin had soared to over 70 cents in May 2021.
Then the value of the cryptocurrency had started to decline, shortly after the broadcast of a satirical program in which the billionaire qualified in a sketch the virtual currency of ” scam “.
An investor who lost money betting on dogecoin filed a lawsuit in June 2022 seeking $258 billion from Elon Musk and his companies Tesla and SpaceX in the case.
The troublemaker Musk posted on his wall a conversation he had had the previous year with a user, he promised to buy the platform and make Shia Inu, his favorite dog, the new logo of the network.
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