Elon Musk Was Accused Of Having Carried Out Insider Trading With The Cryptocurrency Dogecoin
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Hello friends, who has not heard of Elon Musk, he is currently the richest man in the world but in the world of cryptocurrencies he is better known as a fan of Dogecoin, but for a year he has been involved in rumors, false news about him but that's the way this world is.
Currently Musk has been accused of manipulating the dogecoin market and receiving classified information from the dogecoin foundation itself, thanks to this information Elon Musk bought dogecoin at a very cheap price and started a campaign on social networks saying that he plans to buy a Shiba Inu, which is the dog that appears in the dogecoin logo, also thanks to that dogecoin propaganda, another meme cryptocurrency was born that was successful, which was Shiba Inu coin.
Since the owner of Space X, Tesla and now Twitter bought dogecoin, he had been promoting the meme coin to generate large profits and several users accuse him of paying influencers to make misleading propaganda so that the price would increase its value considerably, if not bad memory dogecoin came to have a price of 0.63 USD in that rally.
Elon Musk this year has sold 124 million in the dogecoin market where its price fell more than expected and therefore the discontent of the doge community, it is obvious that selling that amount of money affects the market for a cryptoactive now the problem is yes Elon Musk continue to build trust in the community.
I think that in this sense the tycoon has lost a bit of credibility because he has used different means to benefit the doge community, from my position I do not criticize him since large investors tend to use different means to generate profit at all costs.
However, he has to continue dealing with the lawsuit that he and his companies have for fraud in the aforementioned, I do not know how true the accusations about Elon Musk are, but I am sure that he is very calm enjoying his wealth and his rockets.
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