[Musk denies owning Dogecoin whale wallet]

According to news on June 18, in June last year, Elon Musk received an insider trading class action lawsuit, which accused him of participating in Dogecoin’s “pump-and-dump” activities and harming retail investors, the plaintiff’s lawyer claimed Musk changed Twitter's logo from the blue bird to the Dogecoin logo as part of his alleged plan. However, according to a latest letter obtained by the New York Post, Musk’s lawyer Alex Spiro argued that Musk is not the so-called “DOGE whale” claimed by the plaintiffs, and stated in a written communication to the plaintiffs’ lawyers that Musk The allegation of possession of specific wallets is "without merit," he said: "The only basis for your claim is that these wallets sold Dogecoin when the price increased, as alleged in the third amended indictment."