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.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
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.
JUST IN: $DOGE @dogecoin is back on top 10 by trading volume among 100 biggest #BSC whales in the last 24hrs 🐳
Check the top 100 whales here: https://t.co/0SYnjw0xQs
(and hodl $BBW to see data for the top 4000!)#DOGE #whalestats #babywhale #BBW pic.twitter.com/xkYwMnUh1n
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 4, 2023
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.
2 hours left to go… #Doge and #ETH are catching up with #BNB! https://t.co/KfM74QNhRN
— FCF PAY – Blockchain Payment System (@fcfpay) February 3, 2023
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.
