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 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that the businessman manipulated the price of Dogecoin (DOGE) through media appearances and social media posts — was withdrawn by plaintiffs on November 14,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.

On Tuesday, President-elect Donald Trump picked Musk and biotechnology company founder Vivek Ramaswany to lead a new Department of Government Efficiency, whose acronym echoes dogecoin's name. The case is Gorog et al v. Musk et al, U.S. District Court, Southern District of New York, No. 22-05037.

A pack of Dogecoin investors who claimed Elon Musk rigged DOGE are dropping their appeal following a judge's ruling against their case in August.

Elon Musk has been tapped to co-lead the Department of Government Efficiency (DOGE) after years of hyping up cryptocurrency Dogecoin.

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.