Elon Musk, who signaled that his support for DOGE will continue with his answers to the Dogecoin founder yesterday, recently made a new post. Reiterating his support for DOGE very clearly this time, the famous CEO said, "I will continue to support Dogecoin."
Responding to a follower's "then keep taking it" message, Musk said that he will continue to do so.
The popular meme token rose 15% after Elon Musk announced that he would continue to support and buy DOGE.
Recently, a US citizen named Keith Johnson accused Elon Musk of market manipulation and fraud via Dogecoin and sought a large amount of compensation.
Johnson made the following statements in his petition to the court:
"The defendants (Elon Musk and his companies) falsely and deceptively claim that DOGE is a legitimate investment, even though it has no value."
It seems that Musk will continue his support for Dogecoin in the bear market.
With the support of Musk, Dogecoin, which was close to $1 in the last bull season, is down 93% from its peak and is trading at the levels in February 2021.