TWITTER ELON MUSK SHIBA UPDATE
TWITTER ELON MUSK SHIBA VERIFICATION

Musk’s legal team argued that statements like ‘Dogecoin Rulz’ and ‘no highs, no lows, only Doge’ held no ground in backing the claim that he purposely increased the cryptocurrency’s price more than 36,000 per cent over two years and then let it crash, resulting in huge losses for its investors. The run higher was sparked by Elon Musk tweeting about his Shiba Inu dog on Monday, demonstrating the influence the Tesla boss has in crypto markets. The token was recently up about 15 from its price 24.

On Friday, Musk’s lawyers termed the lawsuit by Dogecoin investors as a ‘fanciful work of fiction’ over the Tesla CEO’s ‘innocuous and often silly tweets’ about the cryptocurrency. In a reply to a Shiba Inu fans Twitter thread, Elon Musk mentioned that he didnt hold any Shiba Inu coin which plunged the meme-tokens price by 20. Twitter updated its website logo to the shiba inu symbol representing the cryptocurrency dogecoinand the price of the joke token soared. Twitter started removing the verified check marks of accounts, including of the New York Times, who have refused to pay for the service. slid as much as 45 on Sunday as its popular automated Twitter bot was suspended after the social media giants owner Elon Musk.

TWITTER ELON MUSK SHIBA UPDATE

The update comes days after Musk’s crackdown on ‘legacy’ blue ticks.

Shiba Inu SHIB/USD also posted gains of 1.51 that can be attributed to Musk’s tweet. The meme coin was launched as a joke in 2013 to poke fun at other cryptocurrencies like Bitcoin.Īlso read: Elon Musk defends paid Twitter on eve of blue tick deadline On Wednesday night, DOGE was down 3, trading at 0.082, until a tweet from Musk made the price spike to 0.087. July 23 (Reuters) - Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction. Elon Musk tweets out meme after blue bird on homepage replaced by image of shiba inu associated with cryptocurrency Josh Taylor and Alex Hern Tue 11.54 EDT First published on Mon 3 Apr. In February, Musk had shared a picture of the ‘Doge’ posing as the Twitter boss adding that the ‘new CEO is amazing’. Elon Musk says Twitters blue bird to be replaced by an X.

Last Month at the Super Bowl, Elon Musk joked on Twitter that he was talking to Rupert Murdoch about Dogecoin, which made the price surge more than 10 in the next four days. The official Twitter account of Dogecoin also responded to the change by invoking the style of the famous meme and wrote, “Very currency. Memecoins like Dogecoin and Shiba Inu saw gains over the last seven days. Elon Musk, the CEO of Tesla and SpaceX, has always been vocal about his support of Dogecoin (DOGE), which has always helped to drive up its price and popularity. But someone still has to choose to be on the other side of that trade.The mobile version of Twitter, however, remained unchanged.

TWITTER ELON MUSK SHIBA VERIFICATION

The Tesla chief took over the microblogging platform after buying it for 44 billion in October last year. Dogecoin and shiba inu soared ahead of the news that Elon Musk may finalise his purchase of Twitter on Friday, which is the deadline for the completion of the 44bn (£37.9bn) acquisition of the company. Elon Musk is revamping Twitter’s verification system. Elon Musk said that his dog has replaced him as Twitter CEO. The SpaceX founder recently replaced Twitter's blue bird logo with the icon of cryptocurrency Dogecoin - a Shiba Inu like Floki. “One man, Elon Musk, can manipulate the price of Dogecoin at will,” the claim asserted. Musk's dog is a Shiba Inu and is named Floki. That is because Musk simply tweeting a picture of his dog perched on the CEO seat at Twitter headquarters is alone cause enough for speculators to pile up on canine-based meme tokens instantaneously. In a move back in April, Musk surprised many by temporarily changing Twitter’s name to X and replacing its iconic blue bird logo with the image of the Dogecoin Shiba Inu dog.

Musk’s accusers may, however, find it difficult to prove their claim that he was “preying on the earnest hopes of vulnerable Americans, including war veterans, blue-collar workers and the elderly.” He himself owns a Shiba Inu he calls Floki, which prompted supporters of the tycoon to create a token featuring the dog’s name in its honor. “In the absence of a sustained publicity campaign by the world’s richest man, its value would be little to nothing,” the claim asserted.Īt one point CEO of PayPal, Musk has explained his fascination with Dogecoin as being rooted in the disruptive potential of the technology to help facilitate online payments-as well as his love of dogs. The Tesla CEO guest-hosted Saturday Night Live, during which he joked the token would be his Mother’s Day gift and engaged in other crypto-related gags. The crypto crash-triggered by the collapse of the TerraUSD stablecoin-was still a year away at the time, but more importantly, Doge soared to that height precisely because of Musk.

Twitter elon musk shiba