Johnson is seeking to represent a category of people who’ve misplaced money trading in Dogecoin since April 2019. He is asking for $86 billion in damages, plus triple damages of $172 billion, as well as an order blocking Musk and the businesses from selling Dogecoin, and declaring that Dogecoin trading constitutes gambling under U.S. and New York regulation.

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Pairs trading is a strategy that attempts to use the distinction in returns of two highly correlated property. Every now and then, certainly one of the 2 property which might be practically equivalent in price motion could start outperforming the other. Pairs buying and selling would entail shorting the outperforming asset and going lengthy the underperforming asset, hoping that the returns may revert to the imply.