Categories: BusinessLatest

Elon Musk Says He Supports Top Dogecoin Holders Selling Their Coins

Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the “real issue”.

“If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo”, Musk said in a tweet bit.ly/3aj5LEd.

A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail investment, driving up prices of dogecoin and shares of US video game chain GameStop.

Musk’s electric vehicle company Tesla Inc revealed on Feb. 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars.

 

 

Follow us on:

AriseNews

Recent Posts

Edo State Governor Constitutes 14-Member Committee to Probe Obaseki Administration

Edo Governor Okpebholo has formed a 14-member committee to investigate assets and liabilities under Godwin…

2 hours ago

Gunman Killed, Three Policemen Injured in Shooting Near Israeli Embassy in Jordan

A gunman was killed, and three Jordanian policemen were injured in a shooting near the…

9 hours ago

Putin Signs Law Forgiving Debts for Recruits Fighting in Ukraine

EXCERPT: Putin has signed a new law forgiving up to 10 million roubles debts of…

9 hours ago

Philippines Security Council Probes Vice President’s Alleged Assassination Threat Against President Marcos

An alleged assassination threat by Philippines VP Sara Duterte against President Marcos has triggers investigation,…

10 hours ago

COP29 Reaches Record $300bn Climate Finance Deal For Poorer Nations Amid Frustrations Over Fossil Fuels

Developed nations, at COP29, have pledged a record $300bn for climate change prevention in poorer…

10 hours ago

Defence Minister Abubakar reaffirms President Tinubu’s Commitment to Restoring Peace, Stability in Nigeria

Defence Minister Badaru Abubakar has reaffirmed President Tinubu's commitment to restoring peace and stability in…

10 hours ago