The head of Tesla and SpaceX, Elon Musk, promised to support the owners of Dogecoin cryptocurrency in their sale. She posted the corresponding publication in Twitter . After Musk’s statements, the cryptocurrency price collapsed, according to data from the CoinMarketCap website.
“If the large Dogecoin holders sell most of their coins, then I fully support them. Too high concentration is the only real problem in my opinion,” he wrote. So, after the announcement of the American billionaire, the Dogecoin price fell by 14 percent, and is currently hovering around six cents per coin.
Earlier it was reported that Musk bought Dogecoin for his son. After the relevant news, the value of the currency increased from 6 to 8 cents.
Musk has previously supported Dogecoin, which he called his favorite cryptocurrency. For example, in early February on his Twitter, he posted a screenshot from the cartoon “The Lion King”, but instead of the shaman-monkey Rafika, his photo was photographed there, and the Dogecoin logo was in place of the face of Simba the lion cub.