DOGE Uptick Ahead? Elon Musk, Tesla Win Dogecoin Manipulation Lawsuit
The Dogecoin (DOGE) market was in for some drama. DOGE’s top advocate, Elon Musk, who is also the man behind Tesla, was accused of manipulating the price of the meme coin. Musk and Tesla were collectively charged $258 billion in damages. More recently, the lawsuit was dismissed by US District Judge Alvin Hellerstein in the US District Court for the Southern District of New York. Also Read: Cryptocurrency: Top 2 Coins That May Give Major Returns In September Legal Battle and Its Impact on Dogecoin’s Price The Lawsuit Against Musk and Tesla In June 2022, a group of Dogecoin investors filed a lawsuit against Musk and Tesla. Musk was previously accused of making profitable trades through multiple DOGE wallets, which Tesla was said to control. Investors claimed that the price of DOGE was inflated through several publicity stunts, Twitter posts, and an appearance on NBC’s Saturday Night Live. They said that the world’s richest man and Tesla frequently timed trades to Musk...