HOW MUCH DOGECOIN DOES ELON MUSK OWN?
💥DOGECOIN💥
Elon Musk’s involvement with Dogecoin has been a topic of wild speculation in the crypto community. Many people have wondered how much Dogecoin Musk owns and whether his tweets about the currency are motivated by his investment interests.
Since the DOGE blockchain is open to the public for viewing, users have tried to search for Elon Musk’s Dogecoin wallet. Reddit sleuths have been investigating this theory. This speculation arose after Musk tweeted on February 10 that he had donated some Dogecoin to GiveDirectly.
By examining the wallet transactions that GiveDirectly shared, redditors suspected that the wallet that donated 150,000 DOGE just before Musk’s tweet may belong to the billionaire. In June 2021, this wallet had more than 2,500,000 DOGE. That figure has changed over the years. Of course, Elon Musk could have more than one wallet. He has claimed that he has never sold his holdings and does not intend to do that in the future, a claim that counters this theory.
Another theory suggests that Elon Musk is the mystery Dogecoin ‘whale’ who has over 36 billion DOGE - some 28.27% of the total Dogecoin in circulation at the time. This is disputed, however, and detractors of this theory say that Elon Musk is against cryptocurrencies concentrated in a small number of owners. Back in December 2021, the cryptocurrency founder Billy Markus revealed he had over 220K DOGE. How much it compares to Elon’s holdings, is anyone’s guess.
