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When billionaire and Dogecoin evangelist Elon Musk changed Twitter’s logo to the doge mascot in April, no one was laughing but him. According to a group of investors suing Musk, it’s just another example of the world’s richest man manipulating the memecoin’s price to engage in insider trading. In a proposed third amended complaint filed on Wednesday in Manhattan federal court, investors say Musk sold about $124 million of dogecoin after Twitter’s logo change led to a 30% price jump. The court case, ongoing since last June, argues that Musk used social media posts, paid online influencers, a Saturday Night Live appearance, and other “publicity stunts” to pump doge and sell at a profit. Musk was able to defraud investors through a “deliberate course of carnival barking, market manipulation and insider trading,” the latest filing read. The Tesla chief is accused of driving up dogecoin’s price by over 36,000% over two years and letting it crash. At the end of 2021, Protos investigated...

Elon Musk's Twitter removed the Dogecoin logo from its home button, pouring cold water on expectations that DOGE payments are coming. The price of Dogecoin (DOGE) dropped 4.6% to $0.0808 under the influence of a broader crypto market correction on April 12. This downside move preceded the release of the U.S. consumer price index (CPI), which showed inflation eased to its lowest level in two years. Dogecoin wipes out Elon Musk-led gains Dogecoin's latest price drop appeared also after Elon Musk-owned Twitter removed the token's official mascot — the Shiba Inu meme — from its home button to reinstate its original bluebird logo. Previously, DOGE price had surged by 30% to $0.104 on April 3 as speculations emerged that Musk is working on adding a Dogecoin payments on Twitter. DOGE/USD daily price chart. Source: TradingView Instead, the website removed the Dogecoin logo from its home button around April 7. Since then, DOGE price has lost 5.25% and has effectively wiped out i...

Dogecoin (DOGE) has set off a meme coin rally after Elon Musk changed the Twitter logo to the famous Dogecoin meme. Now, DOGE has seen double-digit gains, reaching heights of plus 26% in the hours following the change. Conversely, the development has aided various meme coin s on the market. Despite its notoriety, Dogecoin has always seemingly depended on the influence of the Dogefather himself, Elon Musk. Subsequently, as the Tesla founder has placed the meme front and center of his social media platform, more than just DOGE has benefitted. Source: TheFace.com Floki, Shiba, and More Memes Rally Behind DOGE The prevalence of meme coins in the digital asset industry is difficult to understate. Moreover, their place in the market has been supported by some of the largest and most passionate communities that the entire consumer base has to offer. Now, Dogecoin has set off a meme coin rally after Elon Musk changed the Twitter logo. Specifically, Musk switched the tradit...

Elon Musk is one of the most popular personalities on Twitter . He is also quite known for his witty responses and opinions on important matters. The recent trending event in the financial realm and social media is the shutdown of Silicon Valley Bank . California regulators recently ordered the closure of the Silicon Valley Bank . It all started when a number of concerns about the bank’s struggle to acquire capital came to light. This inability slowly turned into an effect when the bank was considering its sale. The bank has now closed as a result of the series of events. Also read: Gemini Dollar GUSD Depegs, Drops to $0.9793 In one of his recent tweet replies, Elon Musk stated his willingness to purchase SVB. JUST IN: Elon Musk says he's "open to the idea" of Twitter buying Silicon Valley Bank and making it a digital bank. pic.twitter.com/dE0uL1sQIY — Watcher.Guru (@WatcherGuru) March 11, 2023 Tesla investor doesn’t back Musk’s idea M...