Comments the complainants described as manipulative included Musk’s tweets about “Dogecoin’s CEO” and adding DOGE symbol to his bio. There were also comments on the potential for the meme coin to grow into a global standard for the financial system.

As alleged, DOGE price often rose sharply following these comments, including one on Tesla’s support for the meme coin as a payment option.

The lawsuit sought $258 billion from the billionaire.