SpaceX founder Elon Musk is ready to donate his own money to increase the decentralization of Dogecoin cryptocurrency . He wrote about this today on Twitter, discussing, according to him, one of the most pressing problems of DOGE.
“If the big Dogecoin holders sell most of their coins, he gets my full support. Too much concentration is the only real problem I think, ” Musk said , later adding,” I’ll literally pay real $ if they just empty their accounts. “
At the same time, he allowed an alternative option proposed by one of the users: “Develop a new ElonCoin, offer it to existing small Dogecoin holders so that they empty their wallets. Then you don’t have to pay $ to make the big Dogecoin holders even richer, and you can provide your time and support to make ElonCoin the currency of the earth. ” “Only if necessary,” Musk replied.
He also tried to allay fears of DOGE holders that the sale of the cryptocurrency by “whales” would cause a collapse in its rate. “Temporary decline, long-term growth,” Musk said.
Last week, one of these “whales” with 36.8 billion DOGE – the largest amount of all wallets- sent 20 transactions at 28.061971 DOGE each. June 28, 1971 – Elon Musk’s birthday. In addition, several dozen other transactions were sent from the same address, the values of which were converted to binary code by users. The resulting symbols make up an unintelligible set of letters.
Dogecoin’s growth phase has been followed by a 30 percent decline in recent days. Simultaneously with the message of Musk about the readiness to pay large holders of DOGE, the cryptocurrency rate showed an increase, but only by 3%.
“I’m joking about Dogecoin, it’s just a joke, “ Musk said earlier.