Dogecoin

Why Did Elon Musk Change the Twitter Logo to the Dogecoin Cryptocurrency Meme? Billionaire was named in lawsuit filed last year accusing him of racketeering ...

“This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.” (Twitter’s mobile apps weren’t changed.) The doge image (of a Shiba Inu) is part of the logo of the Dogecoin blockchain and cryptocurrency, which was created as a joke in 2013 — to mock other cryptocurrencies like Bitcoin. Musk’s legal team filed a motion on Friday, March 31, to have the lawsuit dismissed, per a Reuters

Twitter changed its homepage icon to the doge meme photo, sending dogecoin up in value. Meanwhile, Musk seeks to dismiss a related lawsuit.

The change came after Musk's lawyers asked a judge to dismiss a $258 billion lawsuit accusing him of artificially inflating dogecoin's price.

[ for wild price swings](https://www.forbes.com/sites/nicholasreimann/2021/05/07/dogecoin-soars-past-70-cents-to-record-high-after-elon-musk-snl-tease/?sh=1bc8486f1efa). [ worth has declined Monday](https://www.forbes.com/profile/elon-musk/?sh=6c8a9d247999), according to Forbes’ estimates. [Elon Musk’s Twitter Teases Dogecoin Support, Sending Its Price Soaring Amid $258 Billion Row](https://www.forbes.com/sites/digital-assets/2023/04/03/a-legitimate-cryptocurrency-dogecoin-price-suddenly-soars-after-elon-musk-hits-back-at-258-billion-lawsuit/?sh=959f3de4ba07) (Forbes) [Dogecoin Soars Past 70 Cents To Record High After Elon Musk SNL Tease](https://www.forbes.com/sites/nicholasreimann/2021/05/07/dogecoin-soars-past-70-cents-to-record-high-after-elon-musk-snl-tease/?sh=1bc8486f1efa) (Forbes) The billionaire’s dogecoin remarks have also landed him in legal hot water. He did, however, tweet a meme cartoon shortly before 3 p.m. [ of a pyramid scheme](https://www.forbes.com/sites/digital-assets/2023/04/03/a-legitimate-cryptocurrency-dogecoin-price-suddenly-soars-after-elon-musk-hits-back-at-258-billion-lawsuit/?sh=959f3de4ba07).

Dogecoin is pumping as Elon Musk's Twitter mysteriously replaces its bird logo with a Doge mascot on its homepage.

Though the company [parted](https://techcrunch.com/2022/07/20/elon-musk-discloses-that-tesla-owns-dogecoin-but-how-much-does-it-have/?guccounter=1) with 75% of its Bitcoin holdings last year, the CEO said during an earnings call, “We have not sold any of our Dogecoin; we still have it." Lawyers for Musk and Tesla billed the lawsuit a "fanciful work of fiction." “This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.” [pic.twitter.com/wmN5WxUhfQ] Shortly after the change was made, Musk [down](https://www.coingecko.com/en/coins/dogecoin) from its all-time high today. Dogecoin rose over 20% to around $0.092 on Monday in less than an hour, notching its highest price in over a month, according to [climax](https://decrypt.co/102711/dogecoin-down-over-90-since-elon-musks-snl-appearance) in May 2021 leading up to Musk’s appearance on the late-night comedy show “Saturday Night Live.” The token climbed as high as $0.73, according to [CoinGecko](https://www.coingecko.com/en/coins/dogecoin). [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer) in the past. [reported](https://decrypt.co/120224/dogecoin-fans-still-hopeful-after-elon-musks-twitter-payments-update) that the company was building a payments product in a way that was supportive of crypto payments. [CoinGecko](https://www.coingecko.com/en/coins/dogecoin). [Dogecoin](https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge) rallied on Monday after the token’s mascot was included in a peculiar reference on Twitter.

Musk is being sued for $258 billion after investors claimed he was running a pyramid scheme to support Dogecoin. Photo: ALY SONG (Reuters).

[like the New York Times](https://twitter.com/nytimes), lose their blue checkmark. “This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.” Related stories Investors claim that Musk artificially grew Dogecoin’s price by more than 36,000% and then let it crash, in order to short the currency. However, its current price (hovering just under $0.1) is well below the 2021 high of $0.64. [according to a Reuters report](https://www.reuters.com/legal/elon-musk-seeks-end-258-billion-dogecoin-lawsuit-2023-04-01/). Musk announced the switch

The 'memecoin” cryptocurrency dogecoin gained in value after the icon appeared prominently on Twitter's website.

Here’s what we know about dogecoin and why its icon is featured on Twitter: On Monday, Twitter’s blue bird icon disappeared from the top of its website and was replaced by the head of an enigmatic-looking shiba inu dog. As doge graced Musk’s social media site on Monday afternoon, the price of dogecoin shot up more than 15 percent.

Elon Musk is currently facing a $258 million class action federal lawsuit accusing him of engaging in a pyramid scheme for voicing his support for Dogecoin ...

"And change the bird logo to a doge." Musk often voiced his support for the coin and was even nicknamed "The Dogefather." There was a concerted movement to get the coin to $1, which has not yet happened.

Bitcoin dipped below US$28000 in mixed Tuesday morning trading in Asia. Ether rose. Dogecoin surged after Elon Musk switched the Twitter icon to Dogecoin's ...

Dogecoin rose as much as 30% after Twitter users noticed their home buttons changed into the dog meme the cryptocurrency is named after.

[Next for Donald Trump](https://time.com/6264352/donald-trump-arrest-what-happen/?utm_source=roundup&utm_campaign=20230202) Twitter didn’t respond to a question about the home button change. in New York, Twitter owner Others have kept their checks with a note they were either Blue subscribers or legacy verified accounts. Dogecoin rose to as high as 10.2 cents from around 7.7 cents after the change. The token gave up some gains to trade 8.6% higher at 11 a.m.