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Author Topic: Elon Musk Dragged into Dogecoin Lawsuit, Accused of Insider Trading  (Read 7322 times)

Offline Sophie Robert

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  • 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
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Re: Elon Musk Dragged into Dogecoin Lawsuit, Accused of Insider Trading
« Reply #1 on: June 02, 2023, 06:26:15 PM »
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.
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Offline kent47400

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Re: Elon Musk Dragged into Dogecoin Lawsuit, Accused of Insider Trading
« Reply #2 on: December 27, 2023, 05:47:05 AM »
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.
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Offline doc

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Re: Elon Musk Dragged into Dogecoin Lawsuit, Accused of Insider Trading
« Reply #3 on: December 27, 2023, 10:27:01 AM »
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.

 

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