Elon Musk Could Own 20% of Dogecoin Supply, Cardano Founder Suggests

Elon Musk Could Own 20% of Dogecoin Supply, Cardano Founder Suggests

During a recent appearance On the Thinking Crypto podcast, Cardano founder Charles Hoskinson suggested that Tesla CEO Elon Musk routinely promotes Dogecoin on his social media profile due to holding a large portion of its supply. At the same time, he does not rule out that the controversial businessman simply likes the cryptocurrency logo:

During a recent appearance On the Thinking Crypto podcast, Cardano founder Charles Hoskinson suggested that Tesla CEO Elon Musk routinely promotes Dogecoin on his social media profile due to holding a large portion of its supply. At the same time, he does not rule out that the controversial businessman simply likes the cryptocurrency logo:

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“He’s a legendary businessman, and no one can challenge him… He’s a magical guy. He’s really like a sphinx. It’s hard to understand his motivations and understand why he does what he does. Why does he have this strange fetish for Dogecoin? Is it Does he have 20% of the supply? Or does he just like the fucking logo? With a guy like that, you don’t know. That’s the magic of Elon Musk,” he said.

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Musk himself confirmed who was a holder of Dogecoin in 2021 after helping propel the meme coin to all-time highs earlier this year.

No reciprocity

The Cardano team has offered free work with verified tweets due to the current situation with bots, but there is always silence from Musk, according to hoskinson.

“I even know Kimbal Musk, and I’ve talked to him on several occasions. And I know a lot of people in Elon’s orbit. And he never mentioned Cardano or me or anything… For some reason, we can’t break through. “I don’t know why. He’s certainly aware of cryptocurrencies. Maybe he has people in his social circle who don’t like me,” he added.

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It makes him “sad” because he is a user X with a million followers on the platform. He added that for him this type of social capital is very valuable. “I would like to see X succeed and grow, and if we could ever be a part of helping in one way or another, I would like to do that,” he added.

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