Musk Accused Again of Manipulating Dogecoin

Elon Musk is accused of insider trading in a proposed class-action lawsuit that investors accuse of using Twitter, paid KOLs, "Saturday Night Live" and others, according to Manhattan federal court documents, according to Reuters. The publicity stunt manipulated Dogecoin into losing billions of dollars. Investors said Musk sold about $124 million in Dogecoin after he swapped Twitter’s blue bird logo for a Shiba Inu in April, leading to a 30 percent rise in Dogecoin. Judge Alvin Hellerstein also granted the investor’s request to dismiss the non-profit Dogecoin Foundation as a defendant.