The lawsuit against DogeFather takes a new turn
. Lawyers for the plaintiffs in a class-action lawsuit claim that Musk and Tesla tricked Dogecoin investors, causing them to lose billions.
Musk's promotion of Dogecoin wasn't a one-time event. It was a series of public endorsements that had a significant impact on the value of the cryptocurrency. Musk often used his Twitter account, which has millions of followers, to discuss and promote Dogecoin. His tweets ranged from lighthearted memes to more direct endorsements, such as calling Dogecoin"the people's crypto.
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