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Billion dollar claim against Elon Musk for ‘manipulation at dogecoin’

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The investor, named Keith Johnson, is holding Musk and his companies Tesla and SpaceX liable. He believes that the dogecoin billionaire has created a pyramid scheme to push the price up. Musk abused his podium as the world’s richest man for profit, attention and entertainment, the indictment says.

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Tweeting Elon Musk makes dogecoin crypto currency explode

Johnson also demands that Musk, Tesla and SpaceX are no longer allowed to promote dogecoin. He also wants a jury to declare that trading in crypto is equivalent to gambling according to the law.

Price explosion

After Musk especially praised dogecoin via Twitter, the price shot up like a rocket more than a year ago. From the top of $0.74, only 6 cents is left.

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Investors are not yet concerned about the claim. Tesla shares gain more than 3% in the first hour of trading on the Nasdaq.

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