Elon Musk's lawyers have requested a Manhattan court to dismiss a $258 billion lawsuit filed by Dogecoin investors against the billionaire. Musk's lawyers described the lawsuit as a "fanciful work of fiction" and argued that Musk's accusers had failed to show how he intended to defraud anyone. Despite the lawsuit, Musk's support for Dogecoin remains strong, with data from Santiment indicating that addresses holding over 10M DOGE have accumulated 1.47B in coins since Jan. 1st. At press time, DOGE was trading at $0.079, up over 8% in the past 48 hours.
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DOGE Hits 5-Week High as Elon Musk's Lawyers Seek Dismissal of $258B Lawsuit
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Robinhood wallet transfers 100 million DOGE
Whale Alert, a blockchain data tracking service, monitored that a Robinhood wallet starting with "DHQsfy" transferred 100 million DOGE tokens via the Dogecoin blockchain today, and transferred them to an address starting with "DDuXGM", worth over $17.77 million. -
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Over 500 million DOGE transferred to Binance and Robinhood today
According to Whale Alert, a chain data tracking service, there were two large DOGE transfer transactions today. One address starting with "DDuXGF" transferred 450 million DOGE to Robinhood, worth approximately $62,694,29. The other address starting with "DJfU2p" transferred 56,963,057 DOGE to Binance, worth approximately $7,915,994.
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