The US regulator, the SEC, was the loser in a lawsuit filed against Tesla CEO Elon Musk in 2018. After Musk was found not guilty, the altcoin he was closest to saw a marked increase in transaction volume.
Elon Musk found not guilty in “Tesla 420” trial
Tesla CEO Elon Musk was acquitted by the jury in the lawsuit filed against him for allegedly harming investors due to a Twitter post he made in 2018. In his Twitter post, Musk stated that he was considering withdrawing the company from the stock market by paying $ 420 per share, and the funds were secured for this. On August 7, when he shared the tweet, he also announced that he had “confirmed” investors’ support for this project a few hours after the first tweet. The jury, which came to a decision at the end of the hearing, did not find Musk guilty of harming Tesla investors due to his tweet about 4.5 years ago.
Over Musk’s victory, Dogecoin (DOGE), the altcoin project he’s closest to, is seeing a marked increase in whale and transaction volume.
Positive lawsuit result gets Dogecoin moving again
Whale watching bots are reporting that Dogecoin has entered the list of top 10 cryptos with the highest trading volume among the largest whales on Binance Smart Chain. The WhaleStats wallet tracker tweeted that Dogecoin has entered the list of top 10 altcoins with the largest trading volume in the last 24 hours.
Meanwhile, the other day, Binance transferred about 300 million Dogecoins to anonymous wallets. This transaction was valued at $27.4 million. Large transfers offer a possible sign that crypto whales are accumulating DOGE. Also, the adoption of DOGE has been gradually spreading lately, FCF Pay customers voted for this blockchain payment processor to add Dogecoin for payments via virtual prepaid debit cards.
FCF Pay seeks more payment options for virtual debit cards
Currently, BNB, ETH, and DOGE are in a tough stall to get on the FCF Pay listing. Shortly after the poll began, FCF Pay took to the Twitter platform once again to announce that the Dogecoin community was very active in voting for DOGE to be added as a payment option.
So far, BNB has taken the lead with 44.2% of the community’s votes, while DOGE is second with 30.2%. ETH lags behind with only 25.2% of the votes. Meanwhile, Dogecoin is on the rise in terms of trading volume and price during a quiet period.
CoinMarketCap shows that DOGE is up 1.93% in the last 24 hours, trading at $0.09528. However, it has risen more than 7% in the past seven days. cryptocoin.com In a related news, Shiba Inu (SHIB) payments for FCF Pay’s cards hit an all-time high this week. This news comes after the company added SHIB, BONE, and LEASH as cryptocurrencies that can be loaded onto the company’s prepaid virtual debit cards.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.