(Reuters) – Billionaire Elon Musk said on Sunday that he supports major holders of meme-based dogecoin digital currency that sell most of its coins, adding that he felt the concentration on dogecoin was too much. real problem “.
“If top Dogecoin owners sell most of their coins, they’ll get my full support. Too much concentration is the only real imo problem,” Musk said in a tweet bit.ly/3aj5LEd.
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.
Reports from Kanishka Singh to Bengaluru; Edited by Kim Coghill