The filing from Manhattan federal court details allegations of insider trading and other “publicity stunts” like an appearance on “Saturday Night Live” in 2021 the investors say was aimed at manipulating the asset’s price for personal gain. Recently, the polarizing tech personality sold $124 million worth of the coin after it jumped 30% in value on the heels of his replacing Twitter’s logo with the Dogecoin’s notorious Shiba Inu.
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Investors Accuse Elon Musk of Manipulating DOGE for Profit: Lawsuit
Elon Musk is facing a potential class-action lawsuit from investors accusing him of manipulating the price of Dogecoin. So reports CNN.
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