Dogecoin Investor Accuses Elon Musk of Insider Buying and selling in Amended Class Motion Lawsuit

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group of (Doge) Buyers have requested for a moratorium to repair a category motion lawsuit in opposition to the soon-to-be-inducted ex-CEO of Twitter Elon Muskwhich claims to have manipulated the value of Meme Tokens.

In a Could 31 grievance within the U.S. District Court docket for the Southern District of New York, traders allege that Musk used his Twitter following on social media. Media appearances and so forth. To revenue from buying and selling DOGE via “the unconcealed means of cryptocurrency market manipulation.” In line with the lawsuit, Musk made a revenue on the DOGE transaction on the expense of different traders by inflicting the value of the token to skyrocket via actions equivalent to: change twitter brand Dogecoin brand.

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