🚨Report: Elon Musk confirms his son still holds Dogecoin

Known as 'Dogefather', Musk has been a vocal supporter of Dogecoin, frequently mentioning it in his tweets and even accepting it as a payment method for some Tesla goods. In May, Musk tweeted about the passing of Kabosu, the dog behind the DOGE meme, causing the price of Dogecoin to skyrocket. At the time of writing, Dogecoin's price was down 0.08% over the past 24 hours, trading at $0.122.

According to U.Today, Elon Musk, CEO of Tesla, recently confirmed that his son, affectionately known as 'lil X', still holds his Dogecoin (DOGE). This revelation comes after a Dogecoin graphic designer, 'dogedesigner', tweeted about 'lil X' being a dedicated holder but never considering selling his DOGE. Musk confirmed this with a reply and a laughing emoji, quickly attracting the attention of the crypto community.

The exchange has caused significant reactions in the cryptocurrency community. One user recalled Musk's February 10, 2021 tweet in which he mentioned buying Dogecoin for 'lil X' so he could be a "toddler". Another user asked about 'lil X''s Dogecoin holdings. Musk's tweets have historically had an impact on the Dogecoin community, often leading to an immediate market reaction. #Write&Earn $DOGE