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Elon Musk's legal team has asked a federal court in Manhattan to dismiss a $258 billion lawsuit brought against him by Dogecoin investors, the news of which ZyCrypto broke in June 2022.

Dogecoin, the popular meme-based cryptocurrency, has experienced a remarkable 10% surge today, with its price reaching $0.08398. This increase has reignited speculations about the coin's potential to hit the $1 mark in the next bull run, a topic that has been widely debated in the crypto community.

On Friday, Billionaire Elon Musk asked a US judge to dismiss a $258 billion class-action lawsuit filed by Dogecoin investors.

Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin.

Crypto tracking service @DogeWhaleAlert has published data that reveals how much Dogecoin the prominent trading platform Robinhood holds.

The market is mainly trading sideways at the beginning of the weekend.

Elon Musk and his legal team have requested the dismissal of a $258 billion lawsuit accusing him of operating a pyramid scheme to promote the cryptocurrency Dogecoin. Musk's lawyers dismissed the lawsuit as a "fanciful work of fiction" in a federal court hearing on March 31.

While Elon Musk has in the past heavily backed Dogecoin (CRYPTO: DOGE) — a meme cryptocurrency that has a wide appeal — and his tweets and mentions have caused spikes in the coin, his support has landed him in hot waters.  What Happened: Musk's lawyers have filed a motion in the Manhattan federal court to dismiss a lawsuit that accuses the Tesla CEO of operating a pyramid scheme to prop up Dogecoin, Reuters reported on Friday.

In a surprising turn of events, billionaire entrepreneur Elon Musk has requested the dismissal of a $258 billion lawsuit tied to Dogecoin. According to reports, the lawsuit was filed by investors who alleged that Elon Musk operated a pyramid scheme to promote Dogecoin.

Raini Studios' The Lords of Light is like Hearthstone, but chock-full with crypto memes and famed personalities.

Dogecoin rose to its highest point in over a week, as Elon Musk requested that a lawsuit filed against him by investors in the meme coin be dropped. The suit claims that Musk operated a pyramid scheme, following his endorsements of dogecoin. Litecoin was another token to climb on Saturday.

Burger King U.K. once again made mention of "Doge" in its recent tweet, much to the delight of the Dogecoin community.

Billy Markus, one of the two founders of the original meme coin DOGE, launched in 2013, has taken to Twitter to post a reminder to say whether he has any role in Dogecoin development now and also to share how much DOGE he owns.

According to pseudonymous crypto analyst Kaleo, Dogecoin (CRYPTO: DOGE) looks primed for a boost and will likely not remain idle compared to other altcoins. In a Twitter post on Friday, the analyst said that too many altcoins had "been squeezed already" for Dogecoin "to not to have its moment.

Elon Musk and his lawyers reportedly asked a US judge this week to dismiss a $258 billion lawsuit filed by investors who claimed that Musk ran a pyramid scheme to promote the cryptocurrency Dogecoin.

According to recent reports, Elon Musk has reportedly asked for the dismissal of the $248b dogecoin lawsuit. Musk was accused of intentionally manipulating DOGE prices

Elon Musk's lawyers have requested a US judge to dismiss a $258 billion lawsuit filed by Dogecoin investors, accusing Musk of promoting a pyramid scheme for the cryptocurrency. The lawsuit alleged that Musk drove up Dogecoin's price by over 36,000% and then let it crash.

According to the most recent Dogecoin price analysis, the bullish side has made a strong comeback after the price unexpectedly surged past $0.0760. The good news is that by acquiring more assets, buyers can solidify their market position.

Dogecoin News: Elon Musk, Tesla CEO and a Dogecoin (DOGE) fan on Friday filed his reply against the allegations of running a pyramid scheme to support the world's largest meme crypto. Musk's lawyer even called the lawsuit a “fanciful work of fiction”.

A closely followed crypto trader believes Dogecoin (DOGE) is about to draw the attention of crypto traders. Pseudonymous analyst Kaleo tells his 571,100 Twitter followers that DOGE chart looks primed for a burst to the upside. According to Kaleo, Dogecoin will likely not remain a laggard relative to other altcoins for long.

Investors pointed to Musk's portrayal of "a fictitious financial expert" on a Saturday Night Live appearance, where he called Dogecoin as “a hustle,” as a reference point in the lawsuit.

Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin.

Dogecoin (DOGE) came into the spotlight during the 2021 bull market after mounting an impressive rally fueled by billionaire Elon Musk posting about the coin on his Twitter account. However, the meme coin has since lost most of those gains as the bear market has raged on.

Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term.