Musk This time, it was plugged into Dogecoin… “I’ll buy it if I sell it in bulk”

Elon Musk, Tesla’s chief executive officer (CEO), urged the revitalization of the distribution of Dogecoin, and announced that if it is sold in large quantities, he can buy it.

Musk said on Twitter on the 15th (local time), “Selling most of the Dojicoin that the major holders have will get my full support. I think one real problem with Dogecoin is (for a few holders) too much “It is concentrated.”

“If they empty their Dogecoin account, they are willing to pay real dollars,” he added. It means that if the bulk holders of Dogecoin offer a quantity, they will buy it.

Musk posted on Twitter on the 10th that he bought Dogecoin for his son, and after Musk’s tweet, the price of Dogecoin soared 16% to $0.08.

After raising the price of bitcoin last month, Tesla announced that it had purchased 1.7 trillion won worth of bitcoin, Musk publicly disclosed the purchase of Dogecoin and triggered another price surge.

In fact, Dogecoin is a cryptocurrency created by software developer Billy Marcus in 2013. In the beginning, Marcus made a meme (photo or video made by imitating buzzwords and actions on the Internet) with pictures of Shiba inu popular at the time.

Dogecoin once gained a sparkle after its development and soon fell into one of the miscellaneous cryptocurrencies, but it has recently become a hot item due to the power of American ants and the musk effect.

Dogecoin recorded the highest price this year at $0.087 on the 7th, gaining popularity among members of the online community Reddit, a symbol of the US ant army.

However, due to the burden of short-term price surge, it was pushed to $0.057, down by more than 34% from the peak on the 14th, and on the 14th, it is repeatedly fluctuating at the level of $0.05.

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