Elon Musk’s tweets have significantly influenced Dogecoin’s price, with some causing daily swings exceeding 50%. A 2022 lawsuit alleging market manipulation and insider trading sought $258 billion in damages but was dismissed in 2024, as Judge Hellerstein ruled Musk’s tweets were “aspirational puffery,” not securities fraud. Reasonable investors couldn’t rely on them for fraud claims, and manipulation allegations were unclear. Despite Musk’s continued Dogecoin support, including Twitter logo changes, legal accountability remains limited due to unregulated cryptocurrency markets and lack of evidence tying tweets to coordinated trading schemes. Future lawsuits may face similar hurdles unless regulators establish clearer crypto guidelines.