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Elon Musk's Dogecoin Challenge Amid Legal Dispute
Despite his legal team's efforts to quash a lawsuit alleging him of manipulating Dogecoin's valuation for personal benefit, Elon Musk continues to champion the cryptocurrency on Twitter. This time around, however, he's not just tweeting about it—he's offering to distribute a million Dogecoins.
Numerous reports, including one from The New Yorker, have asserted that Elon's father, Errol Musk, held a significant stake in an emerald mine in South Africa during Elon's childhood.
Errol Musk confirmed in a 2018 interview with Insider that he owned half of a Zambian emerald mine, the proceeds of which often left the family with "so much money at times we couldn't even close our safe."
Elon Musk Denies Father's Emerald Mine Ownership
Despite his father's claims, Elon Musk fervently denies that Errol ever owned an emerald mine and has made an intriguing proposition. He's prepared to give away a whopping sum to anyone who can offer concrete evidence to support these claims.
A tweet from a devoted Elon and Dogecoin fan read: "Elon Musk never owned an emerald mine. An open offer of 69.420 Doge to all the media outlets who are publishing false information. Send me proof of its existence & take your doge."
As of last Friday afternoon, one million Dogecoins equated to just shy of $85,000.
Musk's Recent Twitter Activity and Dogecoin Affinity
Elon Musk's fondness for the digital coin took an unexpected turn last week. He altered Twitter's famed blue bird symbol, replacing it with the iconic Doge meme featuring a Shiba Inu dog.
The timing of when Musk reverted the symbol back to the standard bird remains uncertain. However, by Friday afternoon, Twitter was once again flaunting its customary bird icon.
