On Monday, Twitter CEO Musk had a new job. This time he supplanted the blue bird symbol on the organization’s site with an image of the computerized logo Shiba Inu Dogcoin.
After Twitter’s logo was changed to a Shiba Inu, Musk shared an emoji of the change to his 133.5 million lovers on Twitter. The image of the Shiba Inu appeared only in front of some Twitter users, including those on the website, in a move that prompted The price of the cryptocurrency Dogecoin has soared more than 30%.
About Shiba Inu Dogcoin
It is perceived that Dogecoin was initially made as a joke, yet it was incidentally “leaned toward” by Musk. He mentioned Dogecoin as early as 2019 and said it was his favorite cryptocurrency. Continuously turned into a “(informal) representative”, and the cost of Dogecoin likewise varied extraordinarily under his impact.
Reason Behind Shiba Inu Dogcoin Twitter logo
Considering Musk’s impact, the “support” of Dogecoin has likewise brought him a ton of hardship. In June last year, a Dogecoin financial backer named Keith Johnson blamed Musk for proceeding to advance and support in the U.S. Locale Court.The cryptocurrency deliberately pushed up the price of Dogecoin by 360 times in more than two years. Luring others to take over the order at a high level, and then let the price collapse.
Investor Reaction on Shiba Inu Dogcoin Twitter logo
The investor pointed out that Musk himself knew that Dogecoin had no intrinsic value. Which was a “Ponzi scheme”, but he still used his impression to promote it. And made huge profits in the process of operation, allowing investment Investors bear the losses. So Musk is required to compensate him and other investors a total of 258 billion U.S. dollars.
However, on Friday local time, Musk’s lawyer said in a court document. That investors never explained how Musk intended to deceive others and how he concealed risks. The lawyer also said that Musk tweeted about A pro-speech or funny picture of a legitimate cryptocurrency is not illegal. Perhaps this time Musk changed the little blue bird on Twitter to the head of a Shiba Inu. Just to cater to his lawyer’s related statement.