Musk previously tweeted in favor of cryptocurrencies, calling them “favorite” currencies (Photo: Reuters).

Elon Musk has been sued for $258 billion ($920.9 billion) to support cryptocurrencies to launch a rat course.

On Thursday, Dogecoin investor Keith Johnson filed a lawsuit claiming that Musk violated Dogecoin and increased its price, but prices fell.

In the proceedings, the owners of SpaceX and Tesla alleged that they “used their pedestal as the richest person in the world to manipulate, manipulate, and manipulate the Dogecoin rat conference for profit, exposure, and entertainment.”

“Defendant knew since 2019 that Dogecoin was worthless, but still helped Dogecoin profit from the transaction,” the complaint says.

Johnson is seeking $86 billion in damages, a decline in Dogecoin’s market value from May 2021, and wants to triple that to $258 billion.

He also wants Musk and his company to block the promotion of Dogecoin, and the judge has ruled that Dogecoin trading is gambling under New York and federal law.

The complaints state that when Dogecoin hosted the NBC show Saturday Night Live, he started selling while playing a fictional financial expert in the “Weekend Update” segment, which Dogecoin called a “buzz”….

Musk previously posted several tweets in favor of cryptocurrencies, calling them “favorite” currencies. He even said that he “bought Dogecoin” for his son XÆA-Xii.

The complaints also include comments from Warren Buffett, Bill Gates, and others who question the value of cryptocurrencies.

It is not clear if Johnson has concrete evidence to substantiate his claim about the millionaire.

In 2021, Musk said that his electric car company, Tesla, would start paying for goods with Dogecoin. This story increased the value of meme coins by 25%.

The Dogecoin price is currently 5.8 cents, down from the peak of 74 cents in May 2021.


What is Dogecoin?

Dogecoin is a cryptocurrency based on the popular “doge” meme and features the Shiba Inu logo.

The open source digital currency was created by Billy Marcus and Jackson Palmer in December 2013. The creators of Dogecoin considered it a more attractive, fun, and light cryptocurrency beyond Bitcoin’s core audience because it was based on dog memes.