This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

It seems that Elon Musk is again resorting to his meme-coin-pumping ways; at least, that’s the impression one gets from the latest change in Twitter’s logo.

Twitter logo now changed to $DOGE ? wtf pic.twitter.com/xYgIsfaWne

— Johnny (@CryptoGodJohn) April 3, 2023

Twitter is abuzz today with anecdotes that some users are finding the Dogecoin logo on the global town square app instead of the traditional one made up of the iconic blue bird.

We are able to confirm this. You can see the Dogecoin logo in the snippet above.

Source: CoinMarketCap

And the result has been instantaneous. As you can see, Dogecoin’s price is on a tear right now, currently up 11 percent.

As a refresher, Elon Musk’s relentless promotion of Dogecoin was a pivotal factor behind the meme coin’s extraordinary rally in early 2021. After all, the CEO of Tesla employed a variety of tactics to promote Dogecoin, ranging from changing his Twitter profile picture to one that showcased a DOGE-related meme to tweeting DOGE-supporting policies such as Tesla’s acceptance of the meme coin as a valid payment method for merchandise on its official website. Elon Musk even exhorted McDonald’s to start accepting Dogecoin, offering the inducement to consume a Happy Meal on live TV. Dogecoin had formed a new all-time high in the runup to Musk’s Saturday Night Live appearance, only to tank thereafter when Musk termed the cryptocurrency a “hustle.”

Thereafter, as the hype around Dogecoin fizzled, Elon Musk became the target of a $258 billion lawsuit from disgruntled investors, who alleged that the Tesla CEO was running a “pyramid scheme” vis-à-vis the meme coin.

Interestingly, Elon Musk’s legal team recently dubbed this lawsuit a “fanciful work of fiction” that purports to penalize the Tesla CEO’s “innocuous and often silly tweets.” The team has formally demanded that the lawsuit be dismissed, noting:

“There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion. This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.”

Well, today’s antics would certainly make the life of Musk’s legal team much more difficult. But then, at least Dogecoin investors are enjoying a nice little pump. We have an inkling that much more drama awaits on this count. Stay tuned!

Update: Elon Musk Has Again Started to Tweet About Dogecoin

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

In what is reminiscent of early 2021, Elon Musk is again tweeting Dogecoin-related memes. This is benefitting the meme coin, which is now up around 20 percent.