Elon Musk asks dogecoin holders to “sell most of their coins”

Despite being responsible for Dogecoin’s rise, Elon Musk is now calling on the biggest Dogecoin holders to “sell most of his coins”.

Leading to Twitter, a Tesla and the founder of SpaceX noted his support for such a move and highlighted the current issue of “excessive concentration”. Continuing to say that he would “literally pay real money” if the biggest Dogecoin holders simply canceled their accounts. After the tweets, Dogecoin, which had risen 900 percent in the past few weeks, fell another 9 percent, down 34 percent from its historic record.

For some time now, Elon Musk has been betting on cryptocurrency and is the main source of recent price fluctuations. In addition, Tesla Inc. recently announced its $ 1.5 billion investment in Bitcoin and plans to start accepting cryptocurrency payments.

I will literally pay $ reais if they just cancel their accounts

– Elon Musk (@elonmusk) February 15, 2021

Frodo was the oppressed,
Everyone thought he would fail,
Above all, himself. pic.twitter.com/zGxJFDzzrM

– Elon Musk (@elonmusk) February 11, 2021

In case you missed, GameStop did not capitalize on the recent increase in r / WallStreetBets shares due to regulatory concerns.