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Elon Musk's support for Dogecoin grows stronger following $258B lawsuit

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Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE tokens.

The lawsuit demanded $258 billion in total monetary damages from Musk while requesting the court to rule DOGE trading as gambling in the United States.I will keep supporting DogecoinThe lawsuit, however, did not resonate with the crypto community as entrepreneurs began to ridicule the move.

Read more on cointelegraph.com
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