Dogecoin (DOGE) Price Manipulated By Whales? A Look Off And On-Chain

The Dogecoin (DOGE) price has had an incredible weekend. Following Elon Musk’s confirmed Twitter acquisition, the DOGE price jumped 95% over the last seven days. The memecoin exploded to over $0.14 at times and is currently sitting at about $0.11. Musk’s gigantic influence on the DOGE price is an old acquaintance for the crypto market. Over the past few years, the Tesla and SpaceX CEO kept moving the price with his statements. However, since the Twitter acquisition, he has gone quiet. Musk has not mentioned Dogecoin since the deal was closed. Related Reading: Dogecoin Continues To Thrive With Over 93% Gains In A Week However, in April, Musk floated the idea of letting Twitter users pay with Dogecoin for his premium subscription service, Twitter Blue. Currently, rumors are circulating that Musk plans to have all users pay $20 for a blue check mark. Some Tesla products can already be purchased on the automaker’s website using Dogecoin. The Boring Company accepts the cryptocurrency as payment for using the Las Vegas Loop. Not everyone believes that Musk has good intentions. In June, a $258 billion lawsuit was filed against Musk, SpaceX and Tesla for manipulating the DOGE price. In September, the lawsuit was expanded to include seven new investors and six new defendants, including his tunneling company, Boring Co. Related Reading: Why The DOGE Price Rally Could Foretell An Altcoin Season According to the lawsuit,...