Dogecoin is one of the few tokens to buck the trend, rising nearly 0.7%. A Manhattan judge dismissed a lawsuit that alleged Elon Musk and Tesla manipulated the price of DOGE by exploiting Musk’s social media influence and public statements. Statements cited in the suit included his claims to “become Dogecoin’s CEO,” put a “literal Dogecoin in SpaceX and fly it to the moon,” and that “Dogecoin might become the standard for the global financial system.” Judge Alvin Hellerstein said the statements were “aspirational and puffery,” not factual claims, and thus, no reasonable investor would rely on them.
FinanceLane.com