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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • BellaFaraday
    ·2022-06-22
    I wonder how many investors will blow their positions on his words.
    Reply
    Report
  • DonnaMay
    ·2022-06-22
    Be careful. Now is not the time to invest in Dogecoin.
    Reply
    Report
  • PandoraHaggai
    ·2022-06-22
    The cryptocurrency market has been full of pessimism lately.
    Reply
    Report
  • Bonta
    ·2022-06-20
    Buying 1 coin is also buying. Buying 1 trillion coin is also buying. HOw many is he buying?
    Reply
    Report
  • ng2021
    ·2022-06-20
    hope he keeps his word
    Reply
    Report
  • Maria_yy
    ·2022-06-22
    Musk needs to control what he says and does.
    Reply
    Report
  • BurnellStella
    ·2022-06-22
    Dogecoin completely is a hype.
    Reply
    Report
  • BenjiFuji
    ·2022-06-20
    Why doge over the other alt coins?
    Reply
    Report
  • yeetmin76
    ·2022-06-20
    Thanks for sharing
    Reply
    Report
  • CLONGER
    ·2022-06-20
    I won‘t trust him
    Reply
    Report
  • Sonoma
    ·2022-06-20
    Thank you
    Reply
    Report
  • jennyvu
    ·2022-06-20
    😊
    Reply
    Report
  • Stan222888
    ·2022-06-20
    ok
    Reply
    Report
  • Davekkw
    ·2022-06-20
    Ok
    Reply
    Report
  • Im positive
    ·2022-06-20
    ok
    Reply
    Report
  • The Amateur
    ·2022-06-20
    👍
    Reply
    Report
  • shho
    ·2022-06-20
    👍
    Reply
    Report
  • Koco
    ·2022-06-20
    ok
    Reply
    Report
  • Stormriders28
    ·2022-06-20
    Ok
    Reply
    Report
  • YLS0721
    ·2022-06-20
    Gh
    Reply
    Report