NEW DELHI: Billionaire Elon Musk said that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue".
“If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo”, Musk said in a tweet.
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) 1613345116000
A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail investment, driving up prices of dogecoin and shares of US video game chain GameStop.
Musk's electric vehicle company Tesla Inc revealed on February 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars.
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