Since Musk acquired Twitter on October 27 last year and became CEO, he has single-handedly used "Thanos-style" layoffs, "weekly reports" accurate to the number of lines of code and other workplace "sexy operations" to advance him into an Internet traffic password.
Seeing that he had been silent for a long time, just yesterday, Musk changed the blue bird icon on the Twitter website to a "Shiba Inu". When many Twitter users logged into the website, they shouted: "Is Musk being willful again?"
While everyone was talking about it, Musk responded by posting a picture, saying from the perspective of a "Shiba Inu": "The blue bird icon is a thing of the past!"
(Source: Twitter screenshot)
At the same time, affected by the "label change", the deeply bundled Dogecoin (DOGE) rose sharply. The move has fueled a surge in the price of the cryptocurrency Dogecoin, from $0.077 before Twitter’s logo change to $0.1046 today, according to CoinDesk data.
(Source: CoinDesk data)
Is Musk deeply bound to Dogecoin?
As we all know, Musk has always been a promoter of Dogecoin. He has expressed his preference for Dogecoin more than once, calling it the "people's cryptocurrency" and his "favorite" currency. He has also posted Dogecoin emoticons many times.
His involvement with Dogecoin can be traced back to 2019.
In April 2019, the Dogecoin community launched an event to select the CEO of Dogecoin, and Musk won the first place in the vote. At that time, he changed his Twitter title to Dogecoin CEO, but it was quickly deleted.
On December 20, 2020, Musk posted 4 consecutive posts on Twitter, mentioning cryptocurrency and expressing his interest in Bitcoin. The price of Dogecoin rose from $0.0039 to $0.0046 that day.
On February 24, 2021, Maska changed his Twitter profile to "Doge all day, Doge all night", and Dogecoin rose by more than 24% in 24 hours.
On May 8, 2021, Musk said on the veteran American entertainment variety show "Saturday Live" that Dogecoin is the future of currency and is as real as dollar bills. However, under repeated questioning by the host, Musk was "forced" to admit that Dogecoin was a "scam." Subsequently, Dogecoin, which was at its peak, fell by nearly 40%.
In 2022, Musk compared his pet to former Twitter CEO Parag Agarwal, jokingly mentioning that it was much better than the other person.
In January, the Financial Times reported that Twitter was designing a system to allow payments through the social media platform. While Musk wants Twitter to be for fiat currencies “first,” he’s seeking to add the ability to add cryptocurrencies, a story that boosted the price of Dogecoin.
(Source: Twitter screenshot)
In February, Musk posted a post saying he had found a new CEO for Twitter, with a picture of a Shiba Inu. At the same time, Musk said that it is very good, very good at mathematics, and is the perfect successor. After the tweet was posted, Dogecoin rose from $0.082 to $0.087 in a short period of time.
Respond to troubles with logo “big update”
Indeed, Dogecoin has experienced “big ups and downs” under the influence of Musk, which has also caused a lot of trouble invisibly. In June last year, a Dogecoin investor named Keith Johnson accused Musk in the U.S. District Court of continuously promoting and supporting cryptocurrencies, deliberately pushing the price of Dogecoin 360 times over more than two years, inducing others to take over the market at a high level, and then causing the price to collapse. Keith Johnson is asking Musk to compensate him and other investors for a total of $258 billion, which is potentially higher than Musk's entire net worth. Subsequently, Dogecoin founder Shibetoshi Nakamoto refuted Keith Johnson on Twitter, saying: If Dogecoin is a pyramid scheme, then so is the entire cryptocurrency market, stock market, commodity market and monetary system itself.
(Source: Twitter screenshot)
On Friday, Musk asked a U.S. judge to dismiss the $258 billion lawsuit. Musk's lawyers said it's not illegal to tweet supportive remarks or funny images about a legal cryptocurrency, calling Dogecoin a legal cryptocurrency. From this point of view, the major update of Twitter’s web logo also seems to convey Musk’s own views on this lawsuit.
Netizen: “Is this the ‘Muskification’ of Twitter?”
As we all know, after Twitter changed hands last year, Musk, who took office as the new leader, has made drastic "rectifications" without stopping. First, there was an "unprecedented" layoff, firing key executives such as the CEO, CFO, general counsel, and director of legal affairs and policy. Later, there was a spat on Twitter with engineers whose advice was objectionable. Not only that, Twitter programmers are also required to write weekly reports, and each week they need to submit a summary to introduce the programmer's work this week and the number of lines of code written. Today, Twitter's icon has been changed to a "dog head", which has also triggered an upsurge of discussion. Many netizens said: "You can really do whatever you want with money" and "Musk is willful again". Some people wondered: "What is the intention of this?" Some people bluntly said: "This is the 'Muskification' of Twitter!" What do you think of Musk's new operation? You can leave messages and discuss in the comment area.
Reference links:
https://fortune.com/crypto/2023/04/03/elon-musk-twitter-dogecoin-memecoin/
https://www.coindesk.com/markets/2023/04/03/dogecoin-gains-12-after-tokens-symbol-replaces-blue-bird-as-twitter-logo/
