Post
Topic
Board Altcoin Discussion
Re: Doge coin in trouble?
by
serjent05
on 22/06/2022, 11:12:34 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 do not think that Dogecoin is in trouble with this news.  As far as I know, Doge's developer isn't Elon, and Elon is just riding the meme coins for his own benefits.  Whatever fraudulent action Elon does in exploiting Dogecoin, it is accounted for on Elon's account alone and Doge's project and community have nothing to do with that case.  It might affect the market if the news becomes FUD but I think Doge will be ok.