: At a first glance you might think that : monogram is letter 'M'...but if you look at : it closely, it has swirls at he bottom, : which to me indicates that its Queen : Ingrid's monogram...
No, it can't be Queen Ingrid's monogram. It's definitely Queen Margrethe's, because the monogram on any elephant will always belong to the monarch who gave it out. If an old elephant with a former king's monogram is returned to the royal court, it will be repainted to show Queen Margrethe's monogram before it's given to someone else.