Elon Musk-Linked Robinhood Wallets Moves Over 10 Billion Dogecoin
Coincidently, Robinhood wallets which are many times linked to Elon Musk witnessed massive reshuffling of Dogecoin (DOGE) assets after the lawsuit. In fact, the timing of Dogecoin transfers during major events related to Elon Musk or Twitter raised questions among on-chain analysts. advertisement Elon Musk Accused of Controlling Many Dogecoin Wallets According to the lawsuit, Elon Musk and Tesla control multiple Dogecoin wallets. Investors allege Musk sold $124 million of DOGE tokens in April after he changed Twitter’s logo to Dogecoin’s logo. Elon Musk said the amendment of the lawsuit was unjustified. On May 26, U.S. District Judge Alvin Hellerstein stated that he would likely allow the third amended complaint, indicating that the defendants would not face prejudice. “DPDLB” tagged as Robinhood on BitInfoCharts is many times linked to Elon Musk, with analyst Lookonchain even sharing some evidence of why he thinks the wallet belongs to...