How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?
Actually this Elon was really a manipulator and indicator in the market in which everything that he tweets become a major asset and reason on what would be the outcome of the market. I've seeing this as a bad habit or bad activity because of these scenario many people are having a hard time on reading the market and due to these happenings many people are getting hype on every coin that Elon is tweeting.
As he is a big influencer and billionaire, many people will follow his words. I think some are realising this now that Elon loves to troll. It is sad, but many will still follow his tweets as they hope to gain a profit.
I don't know why he is doing this, but he loves to troll people for sure. Manipulating the market is a huge issue, especially if its use for personal gain.