Dogecoin investors who said Musk and his company Tesla committed fraud and insider trading are withdrawing their appeal from an August 29 dismissal of their case.

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

A 2022 class action lawsuit filed against Elon Musk and Tesla — alleging that the businessman manipulated the price of Dogecoin (DOGE) through media appearances and social media posts — was withdrawn by plaintiffs on November 14,

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.

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.

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