In a recent development amid Twitter’s rebranding endeavour, billionaire entrepreneur and Twitter owner Elon Musk triggered speculations within the broader crypto community with his mention of Shiba Inu. The rebranding saw the iconic Twitter bird logo replaced with a letter X in a dark theme, prompting reactions from users and employees alike.
😂
— Elon Musk (@elonmusk) July 25, 2023
Jonah Katz, an engineer at Twitter, took to the platform to express his reaction to the rebranding. Katz humorously tweeted that he would continue scrolling on Twitter for six hours a day, even if the platform rebranded itself to a donkey. His light-hearted remark caught the attention of Elon Musk, who replied with a laughing emoticon.
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Elon Musk’s shiba inu rebranding statement
In response, Musk made an intriguing comment, noting that Twitter had previously used a Shiba Inu-themed branding, but it had no substantial impact. It’s important to clarify that Musk’s reference was to the dog breed, which is famously associated with both Dogecoin and Shiba Inu, rather than the specific cryptocurrency asset.
The mention of Shiba Inu by Elon Musk raised eyebrows in the crypto community, as Musk’s social media activity has been known to influence cryptocurrency markets in the past. His tweets and comments about cryptocurrencies, particularly Dogecoin, have caused significant price fluctuations and speculation in the market.
Shiba Inu, a relatively new meme-based cryptocurrency, has gained popularity and a dedicated following, partly due to its association with Dogecoin and its cute Shiba Inu dog logo. While Musk’s comment about the Shiba Inu-themed branding might not have a direct correlation with the cryptocurrency itself, the crypto community remains highly attuned to any statements made by influential figures like Musk.
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As a result of Musk’s mention, discussions and speculations regarding Shiba Inu’s potential future impact on the crypto market have surfaced. Traders and investors are closely monitoring the situation, waiting to see if any further developments or comments from Musk may affect the cryptocurrency’s price and popularity.
It is worth noting that Musk’s engagement with cryptocurrencies and his support for Dogecoin has not gone unnoticed. In the past, his tweets about the meme-based cryptocurrency have caused significant price surges, demonstrating the power of social media in the crypto space.
In conclusion, Elon Musk’s mention of Shiba Inu amidst Twitter’s rebranding has sparked speculations within the crypto community. While his comment was directed at the dog breed and not the specific cryptocurrency asset, the community remains vigilant, aware of the potential influence his social media activity can have on the crypto market. As discussions unfold, market participants are eagerly awaiting further updates and statements from Musk, mindful of the impact they might have on Shiba Inu and the broader cryptocurrency market.
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