If major Dogecoin holders sell most of their coins, it will get my full support, Elon Musk said.
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin that sells most of their coins, adding that he felt too much concentration in dogecoin was the “real problem.”
“If big Dogecoin holders sell most of their coins, that will get my full support. Too much concentration is the only real problem,” Musk said in a tweet.
If major Dogecoin holders are selling most of their coins, that will get my full support. Too much concentration is the only real problem imo.
– Elon Musk (@elonmusk) February 14, 2021
A well-known supporter of cryptocurrencies, Musk has regularly weighed in on the recent frenzy in retail investment, pushing up the prices of dogecoin and stocks of US video game chain GameStop.
Musk’s company Tesla Inc revealed on Feb. 8 that it had purchased $ 1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars.
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