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The Independent UK
The Independent UK
Technology
Graeme Massie

Dogecoin spikes after Elon Musk replaces Twitter bird with shiba inu

Twitter / Elon Musk

The price of the dogecoin cryptocurrency shot up more than 30 per cent after Elon Musk replaced Twitter’s bird symbol with one of the coin’s shiba inu dog.

The move by the billionaire came after his lawyers on Friday asked a federal judge to throw out a $258bn lawsuit accusing the entrepreneur of manipulating dogecoin’s price and driving it up by 36,000 per cent.

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