Dogecoin

<ul><li>Elon Musk and Tesla win a $258 billion Dogecoin manipulation lawsuit on Thursday.</li><li>Dogecoin investors accused Musk of increasing the price to 36K% and abruptly crashing it.</li><li>The lawsuit initially filed in June 2022 was claimed for $86B and later tripled to $258B.</li></ul><p><a href="https://cryptotale.org/elon-musks-x-removes-crypto-emojis-puzzling-community-during-bitcoin-2024/" rel="noopener noreferrer nofollow">Elon Musk</a> and Tesla, the electric automotive company, won the Dogecoin manipulation lawsuit on Thursday. A federal Judge dismissed the case filed against the industrialist by Dogecoin investors. The lawsuit alleged that Elon Musk manipulated the price of Dogecoin, causing the investors to lose $258 billion.</p><h2 id="header-0">Mirage Promises</h2><p>An official statement released by the federal Court stated that the &#34;material misrepresentations&#34; that Musk promised are &#34;aspirational and puffery.&#34; The Judge added in his ruling that &#34;it is not possible to understand&#34; the allegations made and that no reasonable investor would rely on them. Elon Musk proliferated <a href="https://cryptotale.org/doge-price-surges-following-teslas-adoption-will-it-reach-0-3-level/" rel="noopener noreferrer nofollow">Dogecoin</a> and stated that it was people&#39;s crypto and the future currency of the Earth. He added that he would be glad to be the CEO of Dogecoin and even make the meme coin to fly in his SpaceX.</p><h2 id="header-1">Investors Lose $258 Billion</h2><p>Noting the crypto investor&#39;s promises, many Dogecoin investors invested in the meme coin; however, they shortly realized that the CEO of X had pulled a &#39;pump and dump&#39; scheme on them. The &#39;pump and dump&#39; scam involves extensively endorsing a product and abruptly ending the connection, in this case, Dogecoin.</p><p>Earlier, Musk played a fictitious crypto expert in a television show and demoted Dogecoin, resulting in the meme coin&#39;s steep decline. Infuriated, the investors of Dogecoin filed a lawsuit against Elon Musk in June 2022, claiming $86 billion in damages and later tripling it to $258 billion.</p><p><a href="https://cryptotale.org/elon-musk-tesla-win-258b-dogecoin-manipulation-lawsuit/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Elon Musk, Tesla Win $258B Dogecoin Manipulation Lawsuit

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