Elon Musk, the CEO of Tesla and SpaceX, has denied allegations that he holds a Dogecoin portfolio linked to insider trading. The ongoing class-action lawsuit accuses Musk of being involved in a racketeering scheme to support Dogecoin. The plaintiffs are seeking $260 billion in damages. According to court documents, two wallets associated with Musk sold 1.4 billion Dogecoins, worth over $124 million, over a two-day period in April.