Does Elon Musk own Dogecoin?

It’s currently unclear how much Dogecoin Elon Musk owns. Some users have claimed that the largest Dogecoin wallet, which at some point held close to 30% of the total DOGE supply, belongs to Musk. However, there is no strong evidence to support this claim. Does Elon Musk still hold Dogecoin? Yes, Elon Musk most likely still holds Dogecoin.

What is Dogecoin (Doge)?

Dogecoin is a cryptocurrency with the ticker DOGE, which was launched in December 2013 by Billy Markus and Jackson Palmer. Even though the Dogecoin market capitalization is now worth billions of dollars, Dogecoin was initially intended as a joke that was poking fun at the rampant speculation in the cryptocurrency markets.

Why is Dogecoin so expensive?

Scarcity over time has driven Bitcoin’s price up, thanks to the effects of supply and demand. Proponents of the broader cryptocurrency movement argue that Dogecoin’s fundamentals do not warrant continuous increases in its valuation. The smaller Dogecoin community, meanwhile, claims that the inflation rate is low and equivalent to fiat currencies.

How do I buy Dogecoin?

It’s fairly easy to buy Dogecoin. These are the steps to take: Get a Dogecoin wallet for your desktop computer or mobile phone (e.g., Exodus, Coinbase Wallet) Find a Doge exchange (e.g., Binance.us, Kraken – Note: Binance.us is only available in 40 out of 50 states, and Kraken is available in all states except New York and Washington.)