Elon Musk said he would keep supporting Dogecoin sending the meme coin's price up
Last week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme."
Tesla Inc CEO Elon Musk has again shown his support for Dogecoin.
On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days.The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin.
Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin.
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