Post
Topic
Board Altcoin Discussion
Re: Doge coin in trouble?
by
Pelana vreo
on 21/06/2022, 05:28:55 UTC
I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

https://www.bloomberg.com/news/articles/2022-06-16/musk-tesla-spacex-are-sued-for-alleged-dogecoin-pyramid-scheme

I don't understand why Elon was sued because of the memecoin posts that are always on his twitter.
if Elon promotes Dogecoin by posting "Buy" then it can be categorized as an invitation, I don't think there's anything wrong, because someone posted a memecoin and Fomo happened, then new investors thought that Elon gave a code to buy, even though it wasn't in that post, All forms of investment have risks and those who guide Elon seem new to the crypto space.