23.3 C
New York
Thursday, July 25, 2024

Crypto Jumps After Musk Changes Twitter Icon To Dogecoin

By ZeroHedge

Twitter has changed its icon… to the Dogecoin Token symbol…

DogeCoin soared over 20% to 4 month highs as the market noticed Musk’s change…

 It’s not just DogeCoin that is getting a bump. Ethereum is back above $1800…

As CoinTelegraph notes, just two days prior, Elon Musk, CEO of Twitter and Tesla, asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging the operation of a pyramid scheme to promote Dogecoin.

Musk’s lawyers reportedly argued that “funny pictures” and “tweeting words of support” do not amount to a fraud claim.

Additionally, TechCrunch reports that in that suit, Musk’s lawyers recently called dogecoin a “legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” arguing that Musk’s tweets thereof were just that (we note that the current ‘market cap’ value of dogecoin has shot to around $12.4 billion).

It appears this ‘update’ reflects Musk’s general view on the farcical litigation.

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,924FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x