Dogecoin community rallies behind Musk & X in free speech battle against ADL, sparking a 1.46% DOGE price recovery
In a surprising turn of events, the Dogecoin community has thrown its full support behind Elon Musk and X (formerly Twitter) in their ongoing battle against the Anti-Defamation League (ADL). Musk, a prominent Dogecoin advocate, had previously blamed the ADL for stifling advertising revenue due to pressure exerted on advertisers by the international Jewish non-governmental organization. He has even hinted at possibly a defamation lawsuit against the ADL.
Prominent figures within the Dogecoin community, including Dogecoin co-founder Billy Markus (known as Shibetoshi Nakamoto) and DogeDesigner, have publicly voiced their support for Musk and X. Musk, in turn, urged the community to stand against the censorship of free speech on the platform.
The Dogecoin faithful have now united in a powerful show of solidarity for Musk’s stance on free speech within the X platform and his fight against the ADL’s allegations. The ADL had accused Musk of promoting antisemitism and claimed to have observed a rise in antisemitic content on X after Musk decided to unblock certain accounts. Musk, however, clarified that he is a staunch supporter of free speech but remains vehemently opposed to anti-Semitism.
Dogecoin Rises Amid Support for Musk and X
A petition has been launched on Change.org to counter the ADL’s efforts to suppress free speech. Elon Musk has committed to reinstating free speech on Twitter, but this noble endeavor has faced opposition from groups advocating banning certain accounts on X due to hate speech. The petition has rapidly gained momentum and enjoys the endorsement of influential members within the Dogecoin community.
Musk has declared his intentions to file a defamation lawsuit against the Anti-Defamation League in an unprecedented move. He has also promised to disclose all relevant data related to the ADL and other organizations pushing to censor X accounts.
The price of Dogecoin (DOGE) experienced a modest 1.46% recovery as the community rallied behind Elon Musk and X in their battle for free speech against the ADL. Currently, DOGE is trading at $0.0641, with its 24-hour low and high registering at $0.0624 and $0.0642, respectively.
Meanwhile, trading volume has remained relatively subdued, largely attributed to concerns in September (FUD). Nevertheless, there has been a noteworthy 10% uptick in trading volume over the past 24 hours, indicating a mild resurgence of interest from traders in the DOGE market.