Elon Musk wants Dogecoin mothers to share their wealth.
The billionaire CEO, Tesla, has called on Dogecoin’s largest owners to sell most of their assets, as he has expressed concern about a small number of people storing too much of the cult cryptocurrency .
“If large Dogecoin holders sell most of their coins, it will get my full support,” Musk said on Twitter Sunday night. ‘Too much concentration is the only issue [in my opinion]. ”
“I’ll literally pay real $ if they just invalidate their accounts,” he added in the early Monday morning post.
Musk’s first tweet apparently sparked another wild move in the price of Dogecoin, a meme-inspired digital currency that started as a joke.
The price initially jumped in minutes after Musk’s tweet, but dropped to about 4.8 cents late Sunday, which according to CoinDesk data dropped about 45 percent from the daily high of 8.7 cents it reached last week. .
The currency increased its losses Monday morning to trade at about 5.8 cents a piece from 7:18 a.m., up 6.5 percent from a day earlier, with a market value of about $ 7.5 billion.
Musk’s latest twins from Twitter about Dogecoin – named after an internet meme with a Shiba Inu dog – suggested that he sincerely invested in the currency despite his frequent jokes about it.
When another Twitter user positioned that Musk’s attempt to sell large containers for sale was a sign that he “considers the potential of Dogecoin to be the leading currency on the Internet”, Musk replied: “Absolutely.”
But the coin still fell from the everyday high it reached on February 7 when celebrities such as Snoop Dogg and Gene Simmons joined Musk to raise it.
Musk also claimed last week that he bought some Dogecoin for his baby son, X Æ A-Xii, two days after Tesla revealed that it had invested $ 1.5 billion of its corporate cash in Bitcoin.