Elon Musk, the famous name in the technology world and the CEO of Tesla, mentioned Shiba Inu for the first time in two years and created a great excitement in the crypto money community. This incident happened in the midst of Twitter’s rebranding efforts. While important changes such as the new dark theme and the replacement of the famous Twitter bird logo with the letter X were on the agenda, the owner of the social media platform made a big impact on the cryptocurrency market, as the owner of the Shiba Inu made a statement. Here are the details.
Shiba Inu is a cryptocurrency based on the Japanese Shiba Inu dog created in 2020. Like Dogecoin, Shiba Inu was launched mainly as a joke, but soon gained huge community attention and attracted the attention of investors.
Elon Musk had previously influenced the markets with his statements about cryptocurrencies, due to his large following on the social media platform Twitter. Especially his supportive posts on Dogecoin caused significant increases in the value of this cryptocurrency. Hence, his statements about the Shiba Inu also sparked a lot of speculation in the cryptocurrency community and caught the attention of investors.
Musk directly from Shiba Inu for the first time in two years mentioned. Musk’s mention of the Shiba Inu came after Jonah Katz announced that he would spend six hours a day on Twitter even if he branded himself as a donkey. Musk responded to the tweet with a smiley expression. He then stated that Twitter had previously used a Shiba Inu dog logo without significant effect.
We rebranded to a Shiba Inu dog for a while. No impact.
— Elon Musk (@elonmusk) July 25, 2023
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On the other hand, it is worth noting that Musk’s mention of the Shiba Inu is a direct reference to the dog breed associated with popular cryptocurrencies, not the cryptocurrency itself.
The famous name probably referred to the period when Twitter temporarily adopted the Dogecoin avatar on its homepage. Besides, Musk mentioned Shiba Inu exactly two years ago, during an active period when other sensational cryptocurrencies such as Dogecoin and FLOKI were discussed.
The timing of this development also aligns remarkably with Twitter’s rebranding efforts. Social media giant Twitter introduced a new dark theme to improve the user experience and freshen up the look of its platform, and managed to surprise users by replacing the iconic Twitter bird logo.
Shiba Inu (SHIB) and New Twitter CEO
Ragnar Shib, a prominent figure in the Shiba Inu community, recently reached out to Twitter’s newly appointed CEO, Linda Yaccarino, requesting the integration of Shiba Inu into the platform. Ragnar believes the Shiba Inu community is extremely involved and willing to collaborate on integrating Shiba Inu with Twitter. However, it’s worth noting that Musk remains a staunch advocate of Dogecoin.
On the other hand, Twitter’s new CEO seems to be interested in Shiba Inu, as can be seen from the number of followers on Twitter. In May, it was confirmed that Yaccarino, along with several other crypto projects, follows the Shiba Inu official Twitter account. Elon Musk’s mention of the Shiba Inu in a recent tweet also sparked a lot of speculation. Crypto enthusiasts and followers of Shiba Inu will no doubt keep a close eye on possible developments surrounding its integration with Twitter.
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