đ Elon Musk & Tesla Win Dogecoin Lawsuit! What's Next? đâđŠș
Elon Musk and Tesla have successfully won a lawsuit that accused them of manipulating the price of Dogecoin. The U.S. District Court for the Southern District of New York dismissed the case on August 29, with Judge Alvin Hellerstein stating that the claims were misrepresented.
The lawsuit, originally filed by a group of DOGE investors in June 2022, sought $258 billion in damages, accusing Musk of driving DOGEâs price up by over 36,000% before a sharp decline. However, the court found these allegations baseless.
Despite the legal victory, the price of Dogecoin remained stable, currently trading at $0.10. DOGE has experienced a 20% drop over the last month, but itâs holding steady after the news.
Is this the calm before the next DOGE storm? Keep an eye on the markets! đđ°
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