Billionaire Elon Musk, known as a Dogecoin supporter, has said that he will continue to support Dogecoin in the future. Tesla owner Musk has again issued a statement about Dodgecoin through a tweet. Responding to a user’s tweet, he expressed his intention about DOGE.
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
After Elon Musk’s tweet dodgecoin price Then it sprang up, as it has always been. Before this, whenever the owner of SpaceX made a tweet about DodgeCoin, its price has been greatly affected. This time too, the effect of Musk’s tweet on the price of Dogecoin was such that its price jumped 11% immediately. Before the tweet, Dodgecoin was trading at $0.052. After the tweet, its price immediately reached $ 0.058 (about Rs 4.52).
Elon Musk’s tweet comes days after an American investor Johnson sued him for $258 billion (about Rs 20,13,831 crore). The investor cited the reason for the lawsuit as the CEO of Tesla and SpaceX running a special pyramid scheme to support this meme coin. However, no concrete evidence was presented by the lawyer for the investor who filed the case to prove that such a scheme is being run by Musk.
The man argued for his point that because of the support of billionaire Musk, people bought Dodgecoin. cryptocurrency invested in. Referring to the strong growth in Dodgecoin in 2021, the person said that last year Dodgecoin was trading at $0.73 (approximately Rs.56) which has now fallen 90 percent below that price. Musk’s reason for this boom in Dodgecoin DOGE This led to investors being misled.
The man who filed the suit wanted Johnson to be paid Rs 67 trillion as compensation for his damages. He has been investing in Dodgecoin since 2019 and has lost $172 trillion. Johnson said that Musk should be stopped from supporting Dodgecoin.