Cardano Founder Hoskinson referred to Elon Musk's Doge presence!

Charles Hoskinson speculated about Elon Musk's potential Dogecoin holdings, suggesting that Musk could hold up to 20% of the supply. This speculation emerged during Hoskinson's appearance on The Thinking Crypto Podcast, where he discussed various topics, including the relationship between Cardano and Musk.

Originally created as a joke cryptocurrency in 2013, Dogecoin has grown significantly in importance and has become a top 10 cryptocurrency by market cap. Musk's vocal support and frequent tweets about Dogecoin have been a major driver of its popularity and value.

Hoskinson's statement that Musk owned 20% of Dogecoin was not based on concrete evidence. Rather, it was a provocative comment aimed at exploring why Musk has such strong interest in Dogecoin compared to other cryptocurrencies such as Cardano. He questioned why Musk has a “weird fetish for Dogecoin” and mused on the possibility of significant holdings as a reason for his continued promotion of the meme coin.

In a recent discussion on X Space, Musk confirmed that he owns a significant amount of Dogecoin and that SpaceX holds Bitcoin. Although Musk's exact presence in Dogecoin has not been disclosed, his influence on the cryptocurrency is undeniable. Their enthusiastic support and tweets have often led to significant price movements and increased interest in Dogecoin.

Hoskinson's comments highlight curiosity and speculation about Musk's involvement in the cryptocurrency space and his potential impact on certain digital assets such as Dogecoin.

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