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“If Dogecoin’s top holders sell most of their coins, it will get my full support. Excess density is the only real imo issue,” Musk said in a tweet bit.ly/3aj5LEd.
A well-known fan of cryptocurrencies, Musk has been steadily embracing the recent frenzy in retail investing, driving dogecoin prices and shares of the US video game series GameStop.
Musk electric vehicle company Tesla Inc announced on February 8 that it had purchased $ 1.5 billion of the bitcoin cryptocurrency and would soon adopt it as a payment method for cars.
Reporting by Kanishka Singh in Bengaluru; Edited by Kim Coghill