Dogecoin jumps as Musk's Twitter flips logo to Shiba Inu dog

FILE PHOTO: A representation of cryptocurrency dogecoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - Dogecoin's Shiba Inu dog replaced Twitter's blue bird as the social media company's logo on Monday, helping the meme coin add as much as $4 billion to its market value.

The token, born as a satire of a cryptocurrency frenzy in 2013 and has no fundamental use, on Tuesday surged to 10 cents around 1500 EST from 7 cents as Elon Musk indicated in a tweet he had delivered on his promise of changing the social media app's logo to dogecoin's dog.