Dogecoin Lawsuit: Elon Musk Endorses Dogecoin in Legal Victory, Price to Hit $0.1? Dogecoin Lawsuit: Elon Musk Endorses Dogecoin in Legal Victory, Price to Hit $0.1?
Elon Musk's victory in the Dogecoin lawsuit has sparked new endorsements, sparking speculation that Dogecoin's price could soar to $0.1 amid increased investor interest and market excitement.
Elon Musk's big win in the Dogecoin lawsuit has fueled market optimism.
Court dismisses lawsuit, calling Musk's Dogecoin claims "ambitious and exaggerated."
Elon Musk actively endorses Dogecoin after court ruling.
The U.S. District Court for the Southern District of New York ruled in favor of Elon Musk and Tesla, dismissing the Dogecoin lawsuit that accused them of misleading investors. The plaintiffs claimed that Musk’s promotional posts and comments on social media, including referring to Dogecoin as “the future currency of the planet,” were false and manipulative.
In addition, the lawsuit accused Tesla and its CEO of engaging in “pump and dumping” and insider trading. The court found these allegations unfounded, ruling that they lacked clear basis. With the dismissal of the lawsuit, the court ended the long-running legal battle, marking a notable victory for Musk and his advocacy of one of the top meme coins.
With Musk’s endorsement, will the price of Dogecoin reach $0.1?
Following the legal victory, Elon Musk has stepped up his public support for Dogecoin, sparking new interest from investors. In a recent post on X, the tech mogul hinted at the possibility of Tesla merchandise re-endorsing Dogecoin.
Meanwhile, this is not the first time he has expressed his support for Dogecoin. Earlier this year, he expressed his enthusiasm for the dog-themed Dogecoin at an event at Tesla’s Berlin Gigafactory, affirming his belief in the potential of the cryptocurrency. His endorsements have always influenced the market movements of cryptocurrencies, and this latest series of comments has fueled the ongoing speculation.
