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DOGE Hits 5-Week High as Elon Musk's Lawyers Seek Dismissal of $258B Lawsuit

Elon Musk's lawyers have requested a Manhattan court to dismiss a $258 billion lawsuit filed by Dogecoin investors against the billionaire. Musk's lawyers described the lawsuit as a "fanciful work of fiction" and argued that Musk's accusers had failed to show how he intended to defraud anyone. Despite the lawsuit, Musk's support for Dogecoin remains strong, with data from Santiment indicating that addresses holding over 10M DOGE have accumulated 1.47B in coins since Jan. 1st. At press time, DOGE was trading at $0.079, up over 8% in the past 48 hours.

Dogecoin Dogecoin $0.38
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