Dogecoin investors have launched a $258 billion class-action lawsuit against Musk, accusing him of using Dogecoin for a pyramid scheme

According to Chain Catcher news and reported by Reuters, the massive lawsuit against Tesla CEO Elon Musk related to Dogecoin is growing larger. This large-scale lawsuit has added several new plaintiffs, including Musk's Boring Company and the Dogecoin Foundation.

Among them, according to USA Today, Dogecoin investor Keith Johnson has filed a $258 billion class-action lawsuit against Musk, accusing him of conducting a pyramid scheme by promoting the most popular meme cryptocurrency, such as advertising Dogecoin as a "legitimate investment" on his social media profiles, artificially inflating its price, and managing to earn billions of dollars through the promotion of Dogecoin. In addition to seeking monetary compensation, Johnson also hopes to prevent Musk and his companies from promoting meme cryptocurrencies in the future. (source link)