Called ;Dogefather', Musk has long been a vocal proponent of Dogecoin and tweeted several times in the past to help spike the price of the digital token.
A class action lawsuit was filed Thursday by a Dogecoin investor who is accusing Elon Musk, Tesla and SpaceX of inflating the price of the cryptocurrency.
Elon Musk, Tesla, and SpaceX are facing a $258 billion lawsuit over allegations of defrauding investors in what’s being called a Dogecoin ‘pyramid scheme.’