Elon Musk calls on Dogecoin holders to “sell most of their coins”

Despite being responsible for the Dogecoin skyrocketing to an all-time high, Elon Musk is now calling on major Dogecoin holders to ‘sell most of their coins’.

Take from Twitter, the You’re here and the founder of SpaceX expressed his support for such an initiative and highlighted the current problem of “too much focus”. Even continuing to say that he would “literally pay real money” if major Dogecoin holders simply canceled their accounts. As a result of the tweets, Dogecoin, which had climbed 900% in recent weeks, fell 9%, bringing it back 34% from its all-time high.

Elon Musk has been supporting cryptocurrency for quite some time and has been one of the main sources of recent price swings. Additionally, Tesla Inc. recently announced its $ 1.5 billion investment in Bitcoin and plans to start accepting cryptocurrency payments.

I’ll literally pay real dollars if they just cancel their accounts

– Elon Musk (@elonmusk) February 15, 2021

Frodo was the oppressed,
Everyone thought he would fail
Himself especially. pic.twitter.com/zGxJFDzzrM

– Elon Musk (@elonmusk) February 11, 2021

In case you missed it, GameStop hasn’t capitalized on the recent surge in r / WallStreetBets shares due to regulatory concerns.