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Elon Musk Offers to ‘Pay Actual $’ If Dogecoin Whales Empty Their Wallets

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After claiming that there’s too much concentration in the dogecoin (DOGE) ownership, the world’s richest person, Tesla founder Elon Musk has offered a solution.

“I will literally pay actual $ if they just void their accounts,” he tweeted today.

Several hours earlier he claimed that if major DOGE holders sell most of their coins, “it will get my full support.”

“Too much concentration is the only real issue [in my opinion],” Musk said.

At the time of writing (11:10 UTC), DOGE, ranked 13th by market capitalization, trades at USD 0.0575 and is up by 2.4% in an hour, trimming its daily losses less than 10%. The price is down by 27% in a week, but is up by 517% in a month.

Elon Musk Offers to 'Pay Actual $' If Dogecoin Whales Empty Their Wallets 102
The total holdings of whales (addresses that own more than 1% of the circulating supply) and Investors (addresses that own between 0.1% and 1% of the circulating supply). Source: coinpaprika.com, Into The Block

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Elon Musk Offers to 'Pay Actual $' If Dogecoin Whales Empty Their Wallets 103
Source: bitinfocharts.com

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