Tesla CEO Elon Musk is once again confirming his support for popular meme token Dogecoin (DOGE) despite getting hit with a multimillion-dollar lawsuit that alleges he promoted the dog-themed crypto asset as a pyramid scheme.
The business magnate tells his 99 million Twitter subscribers that he will continue to support and purchase DOGE even as he faces a massive $258 million lawsuit that claims he propped up a fraudulent crypto scheme.
“I will keep supporting Dogecoin.”
When prodded by a user who told him that he should continue buying DOGE, Musk replied “I am.”
Musk reiterating his support for Dogecoin sent the meme asset on a rally as it rose from a seven-day low of $0.0501 to $0.0622, a 24% increase. DOGE has since