“Dogecoin meme-based digital currency gets my support if …”: Elon Musk

Memo-based digital currency dogecoin gets my support if ...: Elon Musk

If the main Dogecoin holders sell most of their coins, you will get my full support, said Elon Musk.

Billionaire Elon Musk said Sunday that he supports major holders of the dogecoin-based digital currency memes that sell most of his coins, adding that he felt concentration on dogecoin was the “real problem.”

“If the main owners of Dogecoin sell most of their coins, they will get my full support. Too much concentration is the only real problem of imo,” Musk said in a tweet.

Musk, a well-known supporter of cryptocurrencies, has regularly weighed in on the recent retail investment frenzy, raising prices for dogecoin and shares of U.S. video game chain GameStop.

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

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