Following Donald Trump’s election, Dogecoin has made headlines. DoGE investors have seen their investments grow thanks to Elon Musk’s support and the assets of major figures. The meme coin is receiving high-profile backing, but the question that really matters is: how much DOGE actually does Musk own?
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Elon Musk Dogecoin stash: A look inside
The richest man on the planet revealed in January 2024 that he has a “bunch of Dogecoin.” In addition to that, he is also noted SpaceX has a. “bunch of Bitcoin.” The internet has several theories about what he may have been holding.
One bunch can be six figures of DOGE, or less. A theory suggests that Musk might be a mysterious Dogecoin whale, with more than 35 billion tokens. This wallet is estimated to own approximately 28.27% DOGE. Musk is said to be against cryptocurrency owned by small numbers of individuals.
The Tesla CEO is known as the Dogefather because he has been an advocate of meme currency for many years. He revealed that he owned DOGE in addition to Bitcoin, Ethereum and other cryptocurrencies. Musk announced in June of 2022 that, he intends to continue supporting and purchasing Dogecoin.
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Recently, the OG Meme Coin has risen in value.
Dogecoin’s price has risen 173% in the last thirty days. The meme coin reached a peak of $0.4237. DOGE, at the time of publication, was currently trading for $0.3881 after a 7 percent rise over the previous 24 hours.
The meme coin could reach its highest ever level of $0.7376 if it continues to be hot. This asset peaked in about 2021, four years earlier. Dogecoin is currently 47% lower than its all-time high. The OG cryptocurrency meme has been working to get $1, which would be a significant increase from its current high.
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Source: watcher.guru
