Twitter logo change sparks meme fest: 'Bye blue bird, hello Doge'

Another meme showed a security officer checking a Shiba Inu’s ID card which still has the bird logo. “That’s an old photo,” the dog tells the guard as he looks at the ID proof.

Here is how the internet reacted to the Twitter logo change with more memes:

Soon after the logo change, the value of the cryptocurrency Dogecoin surged over 30 per cent. The face of Dogecoin is a Shiba Inu named Kabosu.

This is not the first time a tweet from Elon Musk has sent crypto prices flying.

In February, Musk introduced his pet as the "new CEO of Twitter", posting a photo of the dog occupying the boss's chair. The price of memecoins -- cryptocurrencies created as a joke -- rose, Forbes magazine reported. Nearly $500 million was added to its market cap, according to CoinMarketCap, an authority on crypto-related data.

Dogecoin's value had jumped over 26 per cent in January last year after Musk tweeted that the token could be used to buy Tesla merchandise.

Investors accused Musk, the world's second-richest person according to Forbes, of deliberately driving up Dogecoin's price by more than 36,000% over two years and then letting it crash.