Elon Musk changes Twitter's bird icon to Dogecoin logo resulting in a 30% jump in value

 Elon few hours ago shared a year old screenshot of a conversation prompting him to buy twitter and changing  the prominent bird icon to dogecoin logo, which he eventually did 

As promised pic.twitter.com/Jc1TnAqxAV

— Elon Musk (@elonmusk) April 3, 2023

This sporadically caused the meme coins price  about 30% jump in value .

The larger background for this most recent instance of Twitter silliness is that Elon Musk, the company's founder and CEO, is currently fighting in court to have a massive lawsuit involving dogecoin dismissed. Recent statements made by Musk's attorneys in that lawsuit claimed that dogecoin was a "legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion," and that Musk's tweets about it were no different. We assume that Musk's overall perspective on the legal action is reflected in this app update.

As of yesterday, the value of dogecoin has shot to around $12.4 billion. Perhaps the crypto winter is behind us.