The price of dogecoin spiked after Twitter made the surprise change.
a $258 billion racketeering lawsuit accusing the billionaire of running a “pyramid scheme” to boost the digital currency’s value.
Lawyers for Musk and Tesla called the lawsuit a”fanciful work of fiction” over Musk’s “innocuous and often silly tweets” about Dogecoin,” according to Reuters.“There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” Musk’s attorneys said in a Friday filing. “This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.
Last month, Musk revealed that all media inquiries sent to Twitter’s press email account would receive anTwitter users noticed the change on Monday afternoon.
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