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FUD alert, many media platforms are reporting this as Elon Musk Not “Owning Dogecoin”, however truly he solely denied not proudly owning “Dogecoin wallets” which had been a part of  wallets accused for insider buying and selling.

So, again to correct information. The million greenback class motion lawsuit towards Elon Musk for insider buying and selling of cryptocurrency Dogecoin took a brand new flip immediately.  Elon Musk’s lawyer Alex Spiro revealed that Mr. Musk doesn’t personal any Dogecoin wallets that had been a part of value manipulation. Earlier, a category motion lawsuit was filed towards Elon Musk for allegedly manipulating value of Dogecoin and cashing out $95 Million in pump dump.

Dogecoin Wallets In Lawsuit Does Not Belong To Elon Musk

Elon Musk has publicly promoted Dogecoin on a number of events principally to his massive variety of twitter followers. It was all the time believed that the billionaire is definitely a Dogecoin holder. The ongoing proceedings within the lawsuit filed towards Elon Musk significantly point out dogecoin wallets that benefitted from Elon Musk’s tweets between April third, 2023 to April ninth, 2023.

On April third, 2023 Elon Musk changed twitter famous bird logo to Dogecoin image representing a Shiba Inu Dog. This was adopted by a large rise of 25% in Dogecoin value in a single day.

As reported by NY Post, his lawyer immediately within the courtroom blasted at plaintiff’s lawyer for assuming that the pockets in trial belong to billionaire Elon Musk. He argued that sole foundation for the lawsuit is that these wallets belong to Elon and which is actually mistaken.

Does Elon Musk Own Dogecoin? 

As falsely reported by many well-liked publishers, Elon Musk doesn’t personal any Dogecoin, however truly as per Elon’s lawyer he doesn’t maintain any dogecoin wallets accused for insider buying and selling. He might produce other wallets which had been by no means part of pump dump. So, this FUD that Elon Musk shouldn’t be owing any Dogecoin could also be truly unfaithful. Elon Musk has actually accepted holding Dogecoin in a number of occasions.

In a tweet from, October 2021, Elon Musk shared that he personal Bitcoin, Ethereum and Dogecoin.

Out of curiosity, I acquired some ascii hash strings known as “Bitcoin, Ethereum & Doge”. That’s it.

As I’ve mentioned earlier than, don’t guess the farm on crypto! True worth is constructing merchandise & offering providers to your fellow human beings, not cash in any kind.

— Elon Musk (@elonmusk) October 24, 2021

We will maintain you up to date as and after we discover precise Dogecoin wallets related to Tesla CEO.

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Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency area for two years now. Previously he co-founded Govt. of India supported startup InThinks and is at present Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has revealed greater than 100 articles on cryptocurrency and blockchain and has assisted quite a few ICO’s of their success. He has co-designed blockchain growth industrial coaching and has hosted many interviews in previous. Follow him on Twitter at @sharmasunil8114 and attain out to him at sunil (at) coingape.com

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