Elon Musk Dragged into Dogecoin Lawsuit, Accused of Insider Trading

[Sophie Robert]

• The legal aaction claims that Elon Musk's influential tweets about dogecoin were intentionally designed to manipulate the market and benefit himself.
• It is also noted, Elon Musk sold $124 million worth of Dogecoin after changing his twitter logo to the DOGE image, causing a substantial price spike.
• In the midst of the legal battle, Elon Musk seeks the dismissal of a $238 billion lawsuit alleging Dogecoin price manipulation.
• The case continues as investors demand accountability and transparency.
• Source - Coinpedia

[Freemind]

Is anyone surprised that Elon Musk uses his fame to manipulate the markets for financial gain?. That shouldn't surprise anyone, it's something Musk has been doing for a long time.

[kent47400]

Rich people are free, that's what's happening now because Elon Musk changed the Doge coin so quickly just by changing the logo on Twitter.
Buying shares from Twitter is also very expensive, so it's only natural that Elon Musk does things like changing the Twitter logo to Doge.
The changes were very strong for the Doge coin in the market and the results rose very sharply and many Doge coins were bought by people who were not familiar with cryptocurrency at all. The plus and minus was Elon Musk alone for the DOGE coin effect.

[doc]

Is anyone surprised that Elon Musk uses his fame to manipulate the markets for financial gain?. That shouldn't surprise anyone, it's something Musk has been doing for a long time.

Youre right, musk has been doing for a long time.
We should seize the moment.
as musk doing, he gained benefit himself.
But don't forget, doge is very potential coin too.

[Legion]

Is anyone surprised that Elon Musk uses his fame to manipulate the markets for financial gain?. That shouldn't surprise anyone, it's something Musk has been doing for a long time.

Youre right, musk has been doing for a long time.
We should seize the moment.
as musk doing, he gained benefit himself.
But don't forget, doge is very potential coin too.

Previously Dogecoin was a coin that had price movements based on the community, then when Elon Musk started to come in and buy all Dogecoin ownership it would make Dogecoin have even more price movements because so far we know that Elon Musk's tweets on the X platform (twitter) can have an influence on many people.

[Freemind]

Youre right, musk has been doing for a long time.
We should seize the moment.
as musk doing, he gained benefit himself.
But don't forget, doge is very potential coin too.

I'm not saying Doge doesn't have potential, but the fact that it has potential is thanks to Musk's manipulation. Before that, Doge had its market (high or low, but its own and organic) and a community. Now everyone is waiting for Musk to say something to buy or sell.

Previously Dogecoin was a coin that had price movements based on the community, then when Elon Musk started to come in and buy all Dogecoin ownership it would make Dogecoin have even more price movements because so far we know that Elon Musk's tweets on the X platform (twitter) can have an influence on many people.

Influence, followers, manipulation, everything can go in the same bag, and in fact with Musk everything goes together. That's something he knows and uses to his advantage.