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

Altcoins Dogecoin Elon Musk
Author
Last updated: 

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.

Source: Adobe/epic_images

“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.

Tesla’s and SpaceX‘s founder said on multiple occasions that his tweets about dogecoin are meant to be jokes.

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

___

Source: bitinfocharts.com

___

Reactions:

____
Learn more:
The Memerable Market: Musk DOGE’ing Again, Lindsay Lohan Fails To Send BTC To The Moon
Bitcoiners Bristle as Musk-fuelled Dogecoin Rocket Re-enters Top 10
Are GameStop-Style Surges In Crypto Any Different From Old Pumps & Dumps?
Net Detectives Wonder if This DOGE Whale Is Actually Elon Musk
Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns – Report
GameStop and Dogecoin Show How Memes Can Move Markets

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
At Cryptonews, we aim to make cryptocurrency, blockchain, and Web3 understandable, and information available to everyone, no matter what level you are in your investment journey. Founded in 2017, Cryptonews has been dedicated to delivering reliable, multilingual coverage of the cryptocurrency industry.

Best Crypto ICOs

Discover trending tokens still in presale — early-stage picks with potential.

Explore Our Tools

Smart tools made for everyday crypto users

Market Overview

  • 7d
  • 1m
  • 1y
Market Cap
$3,232,602,990,183
-0.77%
Trending Crypto

More Articles

Price Analysis
Solana Price Prediction: SOL’s Critical v3.0.14 Upgrade Drops as $76.8B Network Eyes $144 Rebound
Arslan Butt
Arslan Butt
2026-01-10 14:46:06
Ethereum News
Vitalik: Crypto Needs Financial Tools That Grow Wealth, Not Reckless Leverage Bets
Anas Hassan
Anas Hassan
2026-01-10 13:57:28
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors