The unexpected replacement of Twitter's familiar little blue bird logo with the Dogecoin logo, by Elon Musk, the world's second richest person, left everyone surprised. Even though the reason behind this change is still unclear, it resulted in a significant surge in Dogecoin prices, with a whopping 30 percent increase observed across the globe.
But now, Twitter’s iconic blue bird logo is back on the website without any official declaration either from Musk or from Twitter’s official handle. There is no particular reason given behind this decision that why Elon Musk changed the Twitter logo with the symbol for Dogecoin but some are suspecting that this decision was taken only so that Musk could liquidate his Dogecoin holdings at a better price. However, no such mass dump was recorded from a single wallet as per the blockchain data.
Elon Musk acquired the microblogging site Twitter for a whopping $44 billion last year when he was the wealthiest person in the world. However, following the acquisition, Musk's net worth suffered a significant blow, causing him to drop out of the $200 billion club. Currently, he holds the position of the world's second richest man, with a total fortune of $171 billion.
The 'About' section of Twitter provides some information on the significance of its logo, stating that it is the platform's most recognizable asset, which is why the company is very protective of it. Users are urged to carefully consider how they use the logo and to refer to the company's Brand Guidelines for examples of proper usage.
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