Musk denies owning Dogecoin whale wallet.
Last June, Elon Musk received an insider trading class action lawsuit alleging that he participated in Dogecoin "pump-and-dump" activities and harmed retail investors. Plaintiffs' lawyers claimed that Musk removed Twitter's logo from The change of the blue bird to the Dogecoin logo is also part of his alleged plan. However, according to a latest letter obtained by the New York Post, Musk’s lawyer Alex Spiro argued that Musk is not the so-called “DOGE whale” claimed by the plaintiff, and stated in a written communication to the plaintiff’s lawyer that Musk has The allegations of specific wallets were "baseless."
