Dogecoin News | Elon Musk won’t sell his $ DOGE despite the cryptocurrency slump

Urian B., Tech Times May 20, 2021 at 8:05 p.m.

(Photo: Screenshot from Commons.Wikipedia.org) Despite the collapse of the cryptocurrency, Elon Musk says he will not sell his Dogecoin

The latest Dogecoin news shows that Elon Musk is not going to sell his $ DOGE! With everything going crazy on the cryptocurrency front, the massive drop in prices has led many crypto owners to sell their coins out of fear. However, Elon Musk notes that despite the massive decline, he won’t be selling any of his Dogecoins.

Elon Musk is not going to sell his $ DOGE

A Tesla bull that was mostly public about Tesla and all of Elon Musk’s movements shared an image that stated that the image that is on Elon Musk’s gaming laptop is a dog on a dollar bill when people actually missed something. Although the picture is not entirely clear, it looks a lot like Dogecoin!

Dave Lee, a longtime Tesla bull, noted that after watching @stevenmarkryan’s video, it is actually plausible that Elon has fairly large stocks of DOGE. This was actually long-time speculative Dogecoin news. Although Elon Musk hasn’t directly stated how much $ DOGE he actually owns or whether he even owns Dogecoins, his response to the thread reveals his true actions regarding the cryptocurrency.

Dogecoin price prediction

With a pretty big skin in the game now, it looks like it won’t stop anytime soon as Lee noticed without Elon Musk that $ DOGE would go down to $ 0.01. Lee then makes it clear that he doesn’t think Elon Musk would ever decide to sell his $ DOGE holdings since he’s actually the ultimate hodler.

Elon Musk then responded to this thread confirming the speculation but still gave a vague answer on what he plans to do with his Dogecoin holdings. Apparently the Tesla CEO and possibly one of the biggest Dogecoin whales (if he has as many coins as he likes to talk about the cryptocurrency) is realizing that he has not and will not sell any of his $ DOGE.

Also read: Elon Musk clears up speculation that Tesla sold ZERO of its major cryptocurrency holdings

Dogecoin News Possible Interpretations

It is important to note that there is no confirmation of what this really meant and whether Elon Musk plans not to sell any of its Dogecoins right now, or rather none of its Dogecoins, despite the decline. The latest Dogecoin news actually has two possible interpretations of what Elon Musk actually meant by his words.

The first possible interpretation is that Elon Musk will not sell his Dogecoin because the time is not right to sell it and he believes it will go up in the future. The second interpretation is that Elon Musk does not even want to sell the cryptocurrency and later uses it as a currency for Tesla or SpaceX.

Although Elon Musk has been very vocal about literally putting Dogecoin on the moon, it is still unclear how big the Tesla CEO wants to take the cryptocurrency. Right now, nobody knows how much $ DOGE might be in their wallet, but a video of Solving Money Problems could have a pretty accurate guess.

Yes, I have not and will not sell a doge

– Elon Musk (@elonmusk) May 20, 2021

Related article: Tesla stops using $ BTC | Mark Cuban’s Mavs will continue to support Crypto by citing “Shrinking Big Bank” as beneficial

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Posted by Urian B.

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