This is well known Elon Musk quite likes to attract attention. From his hyperactive tweeting to actions that seem designed mainly to attract attention, he has already shown a thousand times actively and passively that he needs to know that he is in the spotlight and that he is capable of many things that we would expect in a person with they have never generally presented the level of responsibility that he has.

But of course sometimes after those actions that in theory seem to be focused on attracting attention, somewhat worse intentions may be hidden, and in this case we seem to be the perfect example of that. So it is always good news to know that such intentions will come to light and that eventually you will have to face the consequences of such actions. Well, today another story began to be written with the already known argument.

You may remember that a few months ago Elon Musk decided cchange the Twitter logo to an image of Kabos in various places on the sitea famous dog of this breed Shiba Inu which first became a very successful meme and which later became the image of Dogecoin, a cryptocurrency that gained enormous popularity during 2021. And we have to remember that this was just the latest in a long relationship between Elon Musk and said digital asset.

He said relationship, and that’s something we talked about back thenhad a clear effect on the price of said cryptocurrency, something that can be considered influencing the market and which can be particularly questionable if you use such influence to maximize the return on your investments. Or at least that’s what a group of investors who, according to Reuters, have sued Elon Musk for manipulating the price of Dogecoin. In their lawsuit, they are asking for $258,000 million, as they confirm that the billionaire sold around 124,000 million dogecoins in April, right after the Twitter logo change, which caused a 30% increase in the price of dogecoin.

In the lawsuit, they define Elon Musk’s actions in relation to Dogecoin as “a deliberate course of carnival barking, market manipulation and insider trading«. And seen from the outside yes, it looks like a premeditated operationwhereas, given the precedents, it was easy to imagine that the market reaction would be the one that would eventually occur. And if he intended to sell said assets… it’s hard not to be suspicious.