7/12/2023 0 Comments Twitter elon musk bitcoin![]() In fact, he has tweeted about Dogecoin several times in the past, causing similar spikes in its value. However, it is worth noting that Elon Musk has been a vocal supporter of Dogecoin for some time, and his tweets about the cryptocurrency are not new. In this case, his tweet with the new profile picture was accompanied by the caption "Doge" and caused a surge in the value of Dogecoin. Musk has a large following on Twitter, with over 60 million followers, and his tweets often have a significant impact on the stock prices of the companies he is associated with. In the case of Elon Musk's Twitter logo change, it could be argued that he artificially inflated the price of Dogecoin through his influence on social media. The fraudsters then sell their shares at the inflated price, causing the price to plummet, leaving unsuspecting investors with worthless securities. This move caused a surge in the value of the cryptocurrency, leading some to question whether it was a "pump and dump" scheme.Ī "pump and dump" scheme is a form of securities fraud where an individual or group of individuals artificially inflate the price of a stock or other security through false or misleading statements. ![]() Recently, he changed his profile picture on Twitter to a picture of the Shiba Inu dog, the mascot of the cryptocurrency, Dogecoin. Elon Musk, the billionaire entrepreneur and CEO of several companies such as SpaceX, Tesla, and Neuralink, is known for his bold and sometimes controversial statements on social media. ![]()
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