The price of Dogecoin has increased up to 20 per cent following Twitter’s boss Elon Musk’s utilized the token’s mascot as their logo on Monday. The cost of the meme coin has surged up to $0.092, its maximum price in more than 30 days.
A lot of Twitter users have recently noticed that they were welcomed with the Shiba Inu logo rather than the Twitter bird logo.
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— Elon Musk (@elonmusk) April 3, 2023
We have seen this following the new Twitter boss Elon Musk’s request to a United States judge to expel a $258 billion racketeering lawsuit which accused him of operating a pyramid scheme in order to support the cryptocurrency Dogecoin.
There are a large number of lawsuits that have been filed in order to compensate for Musk’s tweets on Twitter, which he owns.
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Investors of Elon Musk have filed a case against him, accusing him of intentionally urging the price of Dogecoin’ to be over 36,000 per cent over 24 months and afterwards leaving it to fail.
According to a statement by Musk’s lawyers in response to this allegation, the investors never described how Elon Musk was supposed to deceive anyone or what menaces he disguised.
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Moreover, his lawyers further said that the statement that was given by the billionaire Elon Musk, “Dogecoin Rulz” and “no highs, no lows, only Doge,” was excessively general to defend against a fraud allege.