Dogecoin Elon Musk Sell. As musk touted dogecoin earlier this month, saying its stark high supply relative to bitcoin (btc) can actually be an advantage, he noted the concerns related to a small number of whales holding a large amount of the cryptocurrency. Elon musk, who's been a vocal supporter of dogecoin, said there's too much concentration of the coins among its major holders and he will support them if major dogecoin holders sell most of their coins, it will get my full support, the tesla inc. Dogecoin is a cryptocurrency invented by software engineers billy markus and jackson palmer, who decided to create a payment system. Elon musk loves dogs and it's not his first making a reference to dogecoin publicly. Too much concentration is the only real issue imo, he tweeted. Dogecoin, which uses a shiba inu dog meme as its logo, was started in 2013 as a joke, after the invention of bitcoin prompted a wave of imitator cryptocurrencies. Why would elon musk tweet so much about dogecoin? In a later tweet, musk posted a dogecoin meme, saying the cryptocurrency rulz. Too much concentration is the only real issue imo, he tweeted.Dogecoin is surging after billionaire elon musk and other celebrities appeared to back the cryptocurrency on twitter.
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