Dogecoin Lost 20 Percent in Value!

After the post of Elon Musk, who guided the crypto market lately, Dogecoin lost 20 percent in value.

Elon Musk, the founder of electric car manufacturer Tesla and space transport company SpaceX, shared a very talkative post on his Twitter account. Dogecoin lost 20 percent after Musk's post. The famous billionaire shared a post that targeted the whales of Dogecoin, which has been mentioned frequently recently, and criticized the wealth distribution of the popular altcoin.   "I Support Dogecoin Sales" Elon Musk has been frequently on the agenda with cryptocurrency posts recently. Today, Musk criticized the wealth distribution of Dogecoin, for which his recent serial tweets caused it to gain value. The famous billionaire pointed out that whales are the only "real problem" with strong cryptocurrency. That's why Musk called on the wealthiest Dogecoin holders to sell their assets in order to make the cryptocurrency more democratic. Musk made the following statements about whales: “If the big Dogecoin owners sell most of their cryptocurrencies, they will get my full support. The only real problem is that wealth is now concentrated. " After this post by Elon Musk, Dogecoin lost 20 percent in value.   Dogecoin Co-Founder Is Not A Whale Dogecoin co-founder Billy Markus, who said that he first created cryptocurrency as a "joke coin" in just a few hours, recently published a letter on Reddit questioning the DOGE madness. Stating that it is nonsense for Dogecoin to rise this much, Markus included the following interesting statements in his letter: "Investors are now asking "Will Dogecoin reach $ 1? " For a cryptocurrency reaching $ 1 means reaching the market value of companies like Starbucks, Boeing, American Express and IBM that serve millions of people… I don't think Dogecoin deserves this. This is not something I can understand… I feel awkward because of what happened. Something I created in a matter of hours has reached these points today. It's actually fun for Elon Musk to post about Dogecoin… But it also sounds stupid. Despite this, the price of cryptocurrency continues to rise. This is an inexplicable situation… " Markus announced that he sold all his Dogecoins to buy a used car in 2015.