Billionaire Elon Musk said on Sunday that he supports the major owners of the meme-based digital currency Dogecoin, which sells most of his coins, and he feels there is a lot of congestion on Dogecoin.
Elon Musk, who is trying to encourage the owners of the cryptocurrency Dogecoin for sale with his Twitter account, said, “If the big Dogecoin owners sell most of their coins, they will get my full support. In my opinion, the real problem with Dogecoin is too much congestion ”.
Dogecoin losing value
Elon Musk, who has been on the agenda with his support for crypto currencies recently, continues to fluctuate the virtual money market.
Musk, which mobilizes the market with his posts on his Twitter account, does not slow down his breakthroughs in cryptocurrencies. In addition to his support and interest in Bitcoin, the world’s largest cryptocurrency, Musk has been interested in altcoins from time to time, and has recently increased the number of shares he has made about Dogecoin.
If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.
— Elon Musk (@elonmusk) February 14, 2021
Musk, who also supported Dogecoin after Bitcoin, supported Dogecoin owners with a new share and encouraged them to sell their virtual money. After this sharing, the virtual currency fell sharply and scared its investors.
Dogecoin, which broke its own record by going above $ 0.08 at the beginning of the week, lost more than 20 percent after sharing Musk. Dogecoin started the new week with a decline and is trading at $ 0.39 in the morning.