Elon Musk Denies Accusations of Being a Dogecoin Whale: Reports Say

• Elon Musk denied the recent accusations regarding his Dogecoin wallets.
• Musk’s attorney, Alex Spiro asserted that the plaintiff’s claim that Musk is a Dogcoin whale is baseless.
• The Plaintiff’s lawyer Even Spencer affirmed that the plaintiff strongly believe in the success of the case.

Elon Musk, the co-founder and CEO of the American multinational automotive company Tesla denied allegations of owning Dogecoin wallets and being a Dogecoin whale. In a recent letter, Musk’s lawyer, Alex Spiro argued that the accusers have been providing a manipulated picture of Musk while calling him a Dogecoin whale.

The crypto analytic platform WhaleChart on Twitter shared a thread asserting, “Elon Musk’s lawyer says the claim that the Tesla CEO is secretly a DOGE whale is ‘without basis’”.

Recently, the Tesla CEO was charged for engaging in insider trading and manipulating the price of DOGE. According to the plaintiffs’ claim, Musk’s ground-breaking move of changing the Twitter logo from bluebird to dogecoin, upon becoming the owner of Twitter has been a strategic move of the American entrepreneur to promote and surge the price of DOGE.

The previous week, Musk was alleged for being a part of a Dogecoin pyramid scheme. As per a June 7 court filing, Musk is alleged of selling 1.4 billion DOGE, accounting for an amount of $124 million.

Musk’s attorney, addressing the plaintiff’s lawyer Even Spencer, retaliated that the latter’s claims are baseless. His words read:

You specifically allege, without basis, that the following wallets ‘belong’ to defendants. You are wrong. The sole basis for your claim is that these wallets sold dogecoin at a time when, according to the third amended complaint, processes were up.

Responding to Spiro, Spencer commented that the case would be fought in the court, but “not in the media”. He added, “The Plaintiffs and I are more confident than ever that the case will be successful.”