Tesla founder Elon Musk's relationship with Dogecoin has always been enigmatic. While he frequently promotes it as "Earth's future currency" and even purchased Dogecoin for his son, he often claims it was just a joke. Today, however, Musk made a serious appeal to Dogecoin's major holders: "For Dogecoin's sake, sell your holdings." We've also uncovered exclusive insights into his potential buying price. (Disclaimer: This is speculative and not investment advice.)
Decentralization Equals Full Support
On the morning of February 15, Musk tweeted:
"If major Dogecoin holders sell most of their coins, it will get my full support. The only real issue is its excessive concentration."
A user replied:
"Whales must consider Musk’s ultimatum. If they comply, Dogecoin could become the internet’s currency. If they cheat by distributing coins across wallets, they’ll lose Musk’s backing."
Musk endorsed this view, even pledging to buy Dogecoin if whales divest:
"I will literally pay actual $ if they just void their accounts."
👉 Could this trigger a Dogecoin rally?
Potential Entry Price?
The Block’s director Larry Cermak (since-deleted tweet) hinted:
"Musk is considering buying Dogecoin at $0.10."
Should Musk Create His Own Coin?
One user suggested Musk launch a "Musk Coin" to incentivize small Dogecoin holders, forcing whales to sell. Musk responded:
"Only if necessary."
Currently, Dogecoin mirrors the broader altcoin downturn (-5–10%), with no significant whale-driven sell-off.
FAQ Section
Q1: Why does Elon Musk want Dogecoin whales to sell?
A: To reduce concentration and promote decentralization, aligning with his vision for Dogecoin as a widely held currency.
Q2: What’s the speculated buying price if whales comply?
A: Unverified reports suggest $0.10, per a deleted tweet from The Block’s director.
Q3: Would Musk create his own cryptocurrency?
A: He’s open to it only if Dogecoin whales refuse to sell.
Q4: Has Dogecoin’s price reacted to Musk’s tweets?
A: Not significantly—it follows general altcoin trends.
👉 Explore crypto market trends
Risk Disclosure:
Cryptocurrency investments are highly volatile. You may lose all capital—assess risks carefully.
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