American entrepreneur Elon Musk once again tweeted about Dogecoin. This time, he called on large holders to sell their DOGE holdings.
February 15, 2021 | AtoZ Markets – Tesla and SpaceX founder Elon Musk said he would fully support the large Dogecoin cryptocurrency holders if they sell most of the coins.
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
“Too much concentration [of coins] is the only real problem,” Musk wrote.
In response, users wrote that the whales should accept the “ultimatum” of the head of Tesla, because in this case, Dogecoin will have a chance to become the native currency of the Internet.
Whales will have to consider Elon's ultimatum here.
— 💸💸💸 (@itsALLrisky) February 15, 2021
If they comply, #Dogecoin becomes the currency of the internet.
If they don't, or "cheat" by distributing their coins across multiple wallets, then it loses Elon's endorsement.
Easy decision for the whales. Do the right thing
Musk agreed with this.
Yup
— Elon Musk (@elonmusk) February 15, 2021
Yup
— Elon Musk (@elonmusk) February 15, 2021
Dogecoin is down 5.22% in the last hour. At the time of writing, the coin is trading at $0.059, according to CoinMarketCap.
In early February, the cryptocurrency gained almost 50% in price less than an hour after the publication of a series of tweets by Elon Musk. He later announced that he had purchased coins for his youngest son.
Recall that an unknown cryptocurrency whale has concentrated on its address 36.8 billion Dogecoin – 28.7% of all available coins.
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