A lawsuit accusing Elon Musk of rigging dogecoin is ending. Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider trading are withdrawing their appeal from an Aug.

Dogecoin is making headlines after President-elect Donald Trump announced the creation of the Department of Government Efficiency on X this past Wednesday. This meme coin was worth 16 cents on Election Day and has since more than doubled to a high of nearly 39 cents on Nov.

A federal judge in Manhattan had previously ruled that Elon Musk’s public Dogecoin statements were “aspirational and puffery.”

The lawsuit against Elon Musk for allegedly manipulating Dogecoin has been dropped, concluding a case that sought $258 billion in damages.

It already looks like Elon Musk’s planned “outside of government” group is going to benefit his social media platform, X.

Dogecoin was once a joke, but the meme coin gained traction after Elon Musk backed it. Now he's set to co-lead a D.O.G.E. government agency. Here's a look back.