Tesla CEO and Dogecoin fan Elon Musk is being accused of insider trading and market manipulation in a class action lawsuit filed in New York City on Wednesday. Coincidently, Robinhood wallets which are many times linked to Elon Musk witnessed massive reshuffling of Dogecoin (CRYPTO: DOGE) assets after the lawsuit. In fact, the timing of Dogecoin transfers during major events related to Elon Musk or Twitter raised questions among on-chain analysts.
Elon Musk Accused of Controlling Many Dogecoin Wallets
According to the lawsuit, Elon Musk and Tesla control multiple Dogecoin wallets. Investors allege Musk sold $124 million of DOGE tokens in April after he changed Twitter’s …
