Breaking: Elon Musk Refutes Owning Pump-Dump “Dogecoin Wallets” [FUD Alert]
![Breaking: Elon Musk Refutes Owning Pump-Dump “Dogecoin Wallets” [FUD Alert]](https://coingape.com/wp-content/uploads/2023/06/Dogecoin-Elon-Musk.jpeg)
FUD alert, many media platforms are reporting this as Elon Musk Not “Owning Dogecoin”, but actually he only denied not owning “Dogecoin wallets” which were part of wallets accused for insider trading.
So, back to proper news. The million dollar class action lawsuit filed against Elon Musk for insider trading of cryptocurrency Dogecoin took a new turn today. Elon Musk’s lawyer Alex Spiro revealed that Mr. Musk does not own any Dogecoin wallets that were part of price manipulation.
Earlier, a class action lawsuit was filed against the billionaire for allegedly manipulating price of Dogecoin and cashing out $95 Million in pump dump.
Dogecoin Wallets In Lawsuit Does Not Belong To Elon Musk?
Elon Musk has publicly promoted Dogecoin on multiple occasions mostly to his large number of twitter followers. It was always believed that the billionaire is actually a Dogecoin holder. The ongoing proceedings in the lawsuit filed against Elon Musk particularly mention dogecoin wallets that benefitted from Elon Musk’s tweets between April 3rd, 2023 to April 9th, 2023.
On April 3rd, 2023 Elon Musk changed twitter famous bird logo to Dogecoin symbol representing a Shiba Inu Dog. This was followed by a massive rise of 25% in Dogecoin price in a single day.
As reported by NY Post, his lawyer today in the court blasted at plaintiff’s lawyer for assuming that the wallet in trial belong to billionaire Elon Musk. He argued that sole basis for the lawsuit is that these wallets belong to Elon and which is in fact wrong.
Does Elon Musk Own Dogecoin?
As falsely reported by many popular publishers, Elon Musk does not own any Dogecoin, but actually he has publicly admitted of owning cryptocurrencies including Dogecoin. He may have other wallets which were never a part of pump dump. So, this FUD that Elon Musk is not owning any Dogecoin may be actually untrue.
In a tweet from, October 2021, Elon Musk shared that he own Bitcoin, Ethereum and Dogecoin.
We will keep you updated as and when we find actual Dogecoin wallets associated with Tesla CEO.
Recent Posts
- Crypto News
BOJ Hikes Interest Rates to 30-Year High, Will Bitcoin Repeat 20-30% Post-Hike Crashes?
The Bank of Japan (BOJ) raises its interest rates by 25 bps to 0.75%, the…
- Crypto News
Breaking: U.S. Senate Delays CLARITY Act again, Crypto Market Structure Vote Slips to Early 2026
The CLARITY Act is no longer expected to pass the U.S. Senate this year. Lawmakers…
- Crypto News
Breaking: Bitwise Files S-1 For SUI ETF With U.S. SEC
Crypto ETF issuer Bitwise is looking to add a SUI ETF to its growing list…
- Crypto News
Crypto Hacks 2025: North Korean Hackers Steal over $2B in ETH and SOL This Year
In 2025, crypto hacks increased significantly. The cybercriminals associated with the North Korean government stole…
- Crypto News
Universal Exchange Bitget Removes Barriers to Traditional Markets, Offers Forex and Gold Trading to Crypto Users
The number one universal exchange Bitget is removing barriers between crypto and traditional finance. It…
- Crypto News
Breaking: U.S. CPI Inflation Falls To 2.7% YoY, Bitcoin Price Climbs
The U.S. CPI inflation came in well below expectations, providing a bullish outlook for Bitcoin…