The latest Dogecoin news reveals that Elon Musk won't sell his $DOGE! With everything going crazy on the cryptocurrency front, the massive price drop has led many crypto owners to sell their coins out of fear. Elon Musk, however, notes that he will not be selling any of his Dogecoin despite the massive drop.
Elon Musk Won't Sell His $DOGE
A Tesla bull that has been mostly public about Tesla and all of Elon Musk's movements shared a picture noting that if people actually missed out, the picture that is located on Elon Musk's gaming laptop is a dog on a dollar bill. Although the picture isn't quite clear, it looks very much like Dogecoin!
Dave Lee, a long-time Tesla bull, noted that after watching the video by @stevenmarkryan, it is actually plausible that Elon has quite a large $DOGE holdings. This has actually been a long-time speculative Dogecoin news. Although Elon Musk hasn't been direct about how much $DOGE he actually owns or if he owns any Dogecoin at all, his reply to the thread reveals his true actions on the cryptocurrency.
Dogecoin Price Prediction
With quite a huge skin in the game, it now looks like it is not going to stop at any time soon since without Elon Musk, Lee noted that $DOGE would go back to $0.01. Lee then clarifies that he does not think that Elon Musk would ever decide to sell his $DOGE holdings since he is actually the ultimate Hodler.
Elon Musk then replied to this thread, confirming the speculations but still giving a vague answer regarding what he plans to do with his Dogecoin holdings. Apparently, the Tesla CEO and possibly one of the largest Dogecoin whales (if he has as many coins as he loves to talk about the cryptocurrency) notes that he hasn't and will not be selling any of his $DOGE.
Dogecoin News Possible Interpretations
It is important to note that there is no confirmation as to what this truly meant and whether Elon Musk plans to not sell any of his Dogecoin right now despite the dip or rather he does not plan to sell any of his Dogecoin ever. The latest Dogecoin news actually has two possible interpretations of what Elon Musk actually meant by what he said.
The first possible interpretation is that Elon Musk won't sell his Dogecoin because it is not the right time to sell it, and he believes that it will go up in the future. The second interpretation is that Elon Musk does not want to sell the cryptocurrency at all and later on use it as a form of currency for Tesla or SpaceX.
Although Elon Musk has been very vocal about taking Dogecoin literally to the moon, it is still anybody's guess as to just how big the Tesla CEO plans to take the cryptocurrency. As of the moment, nobody actually knows just how much $DOGE could be in his wallet, but a video by Solving Money Problems could have a pretty close guess.
Yeah, I haven’t & won’t sell any Doge— Elon Musk (@elonmusk) May 20, 2021
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Written by Urian B.