Dogecoin surged in value on Monday after Twitter CEO Elon Musk replaced the blue bird on his company's website with an image of a Shiba Inu, the digital coin's logo. The change comes days after attorneys for Twitter and Musk asked a federal judge to toss out a $258 billion lawsuit from 2022 that accused the billionaire of manipulating the token's price and driving it up over 36,000%.
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