Musk called on the large owners of Dogecoin to sell part of the cryptocurrency

Well-known American entrepreneur Elon Musk called on large holders of a small cryptocurrency Dogecoin to sell most of their savings to avoid concentration of funds.

“If the big Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real problem, I think,” Musk wrote on his Twitter account.

In early February, Musk’s Twitter account “dispersed” the cost of the low-liquid cryptocurrency Dogecoin, and even earlier, his records had an impact on trading on the traditional stock market.

On Sunday, the price of bitcoin, the most popular cryptocurrency, set a new historical price high, exceeding the achieved level of 49 thousand dollars.

Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor