Elon Musk’s Tweet Sparks 4% Surge in Dogecoin (DOGE)

Despite the recent surge in price, a lawsuit has now been filed against Musk by Dogecoin investors. They accuse him of insider trading related to Dogecoin. This accusation stems from Musk’s consistent public support and promotion of the meme coin, which has had a significant impact on its value. Musk’s tweets, acquisition of Twitter, and the replacement of the Twitter logo with the Dogecoin symbol have all contributed to driving up the price of DOGE.
The surge in Dogecoin’s price follows a recent tweet by Musk, although it has since dropped slightly. CoinMarketCap data shows that DOGE’s price increased from a 24-hour low of $0.06774 to a high of $0.07121. At the time of writing, it is trading at $0.07008, with a 3.3% increase.
However, despite Musk’s involvement and the positive effects on Dogecoin’s value, speculation regarding the integration of DOGE into Twitter remains unconfirmed.
Overall, while Dogecoin has experienced a surge in price following Musk’s tweet, the recent lawsuit accuses him of insider trading. This shines a spotlight on the relationship between Musk and Dogecoin, which has been a topic of interest in the cryptocurrency community.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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