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Elon Musk Might Own 20% of Dogecoin's Supply, Cardano Founder Suggests
Cardano founder Charles Hoskinson recently suggested that Elon Musk might own large portion of Dogecoin supply
During a recent appearance on the Thinking Crypto podcast, Cardano founder Charles Hoskinson suggested that Tesla CEO Elon Musk routinely promotes Dogecoin on his social media profile due to owning a large portion of its supply. At the same time, he does not rule out that the controversial entrepreneur might simply like the cryptocurrency logo:
"He's a legendary entrepreneur, and no one can challenge…He's a magical guy. He's really like a sphinx. Hard to understand his motivations and understand why he does what he does. Why does he have this bizarre fetish for Dogecoin? Is that he owns 20% of the supply? Or is it just he just likes the f*****g logo? You just don't know with a guy like that. That's the magic of Elon Musk," he said.
Musk himself confirmed that he was a Dogecoin holder back in 2021 after helping to propel the meme coin to all-time highs earlier this year.
