Dogecoin symbol becomes Twitter logo as crypto surges 25%

The blue-bird logo on the Twitter account’s homepage was replaced on the evening of April 3 by the Dogecoin (DOGE) shiba inu symbol. The coin’s price rose in response.

WTF is this? Thought April Fools day was a few days ago! pic.twitter.com/Z6qj1CBTjZ

— Tone Vays (@ToneVays) April 3, 2023

Around 22:00 (Kyiv time), Twitter owner Elon Musk posted a tweet with no commentary. The playful image shows the dog calling the previous logo of the social network “an old photo.”

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

About an hour later, the billionaire posted a screenshot of a conversation with a user from March 2022. The account holder filed a lawsuit against Musk, as well as his SpaceX and Tesla companies for promoting the “cryptocurrency pyramid” Dogecoin. The plaintiff sought $258 billion in damages and compensation.

As promised pic.twitter.com/Jc1TnAqxAV

— Elon Musk (@elonmusk) April 3, 2023

“As promised,” Musk wrote.

In the last 24 hours, the cryptocurrency price jumped more than 25% to above $0.10.

Prices of meme-coin clones also rose: Shiba Inu (SHIB) gained 6.1%, and FLOKI rose 11%.

Bitcoin rose 0.6% in 24 hours, and the overall cryptocurrency market capitalization increased by 1.1%.

In June 2022, US resident Keith Johnson filed a lawsuit against Musk, as well as his SpaceX and Tesla companies for promoting the “cryptocurrency pyramid” Dogecoin. The plaintiff sought $258 billion in damages and compensation.

The billionaire’s lawyers asked the court to dismiss the suit, calling the claims ’a whimsical fabrication’.

Earlier, in October the entrepreneur closed the deal to acquire the social network for $44 billion.

At that time, Musk was the largest shareholder in Twitter after buying in April 9.2% of the company’s shares for $2.89 billion.