Musk says he would continue to support Dogecoin despite the recent lawsuit filed against him.
Elon Muskthe richest man in the world and self-proclaimed governor general, has announced his strong support for the leading cryptocurrency doecoin. Recently, he and his company faced a class action lawsuit for leading a fraud scheme. Ponzi Linked to doecoin.
Musk will continue to support doecoin.
The Tesla CEO seems determined to support DOGE, based on his recent tweet. Also, he was recently involved in a class action lawsuit for manipulating the price of coins. same and ran a Ponzi scheme. A Twitter user asked Musk if you keep buying doecointo which he replied: ” I am it. This Sunday he tweeted that he would continue to support DOGE.
I will continue to support Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
Musk is known to promote doecoinand the lawsuit cites some of his most popular Doge tweets. This after a satirical article aroused his interest in the work. same in 2019. The plaintiffs seek a ban on Musk and your company to promote doecoin. However the father dog self-proclaimed saidhe would support the work memes in any case.
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DespiteElon Musk won’t be fully active in the cryptocurrency space until 2021, his first tweet on doecoin dates back to April 2019, when he shared a same dog with the caption ” doecoin rülz“. In 2021, the CEO of Tesla is became one of the biggest influencers in the space crypto. Since then, when the billionaire speaks, crypto investors listen and prices rise and fall based on the uptrend of his tweets.
Elon Musk became a staunch supporter of doecoin after complaining The impact of Bitcoin on the environment. He started tweeting about it. memecurrencyand the price tends to react accordingly. Last month, the billionaire announced that users could use DOGE to buy products You’re thereand SpaceX will soon follow. Minutes after the announcement, doecoin jumped 15%.
Focus on the lawsuit filed against Musk
US investor DOGE Keith Johnson sued legal action against Musk and his companies Tesla and SpaceX. Johnson accuses them of defrauding and setting up a pyramid scheme to manipulate the price of doecoin.
The complaint alleges that the constant tweets and responses of Musk describe him as a huge fan of cryptocurrencies. This will cause the price of the coin to skyrocket and investors will lose all of their funds when market conditions change.
The Claimant stated: “The defendants knew since 2019 that doecoin I did not have value but promoted doecoin to profit from your business.Musk used his pedestal as the richest man in the world to exploit and manipulate the pyramid scheme doecoin for profit, exhibition and fun.
For more information about the trial version, click here.
Dogecoin co-founder Jackson Palmer called Elon Musk a scammer.
The co-founder of doecoinJackson Palmer recently launched a podcast titled “ Griftonomics“. Palmer also expressed concern about the “normalization of scams” in the crypto industry. In addition, he rated Elon Musk and other cryptocurrency promoters of “thieves“.
Palmer says that the cryptocurrency industry has a number of scammers, including Elon Musk.
Jackson Palmer is an Australian-born software developer who created doecoina cryptocurrency based on memes which has quickly become one of the most valuable digital currencies in the world. He stopped working on cryptocurrencies in 2015 and has been opposed to the technology ever since.
The co-founder of doecoin recently launched a new podcast, Griftonomicsto coincide with a recent interview with the associate editor of CrikeyCameron Wilson. qualified palm tree Elon Musk thief I didn’t know how to run the basic code. Elon Musk promoted doecoin several times as part of his tricks Y shitposts free wheel Among others, the recent mention of memecurrency this week has reinforced its value.
He stated: ” Elon contacted me for this script, and it soon became apparent that he didn’t understand the coding as well as he claimed. He has asked: “How can I run this python script?”
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Palmer sees attempts to Musk on Twitter as a strategy to destroy the platform or at least further reduce its value. He pointed to the billionaire’s frequent criticism. including amplifying some of the more cynical criticism on the platform: as evidence from the announcement of the takeover bid.
In addition, he also attacked clive palmerAustralian businessman and politician and Australian politician pauline Hansoncalling them “lying politicians”.
When asked by an interviewer about the downward trend in prices, the co-founder of doecoin he refused to call it “crypto winter”. It happens periodically, he said, when cryptocurrency promoters arrive and wait. “a new batch of fools”.
Many have expressed concern.
This is not the first time that big names have cared about the culture of the crypto industry. Last July, the co-founder ofEthereal, antonio di iorioabandoned the cryptocurrency and raised concerns about its safety.
Andrew Timeknown for his work on the ecosystem Ghost Y Yearn Finance, also recently called for the regulation of cryptocurrencies. Nevertheless, Time quickly resurfaced and criticized the culture crypto Current.
To read: To see: The Parliament of Portugal rejects 2 bills on the taxation of cryptocurrencies.
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