Cardano Founder Hoskinson made reference to Elon Musk’s Doge presence

Cardanofounder Charles Hoskinson, Elon Musk’s potential dogecoin speculated about its holdings, suggesting Musk could hold up to 20% of the supply. This speculation emerged during Hoskinson’s appearance on The Thinking Crypto Podcast, where he discussed various bets, including the connection between Cardano and Musk.

Originally created in 2013 as a cryptocurrency for fun purposes, Dogecoin has increased significantly in value and entered the top 10 cryptocurrencies by market value. Musk’s vocal support and frequent tweets about Dogecoin have been a major driver of its popularity and value.

Hoskinson’s statement that Musk owned 20% of Dogecoin was not based on concrete evidence. More Musk’s, Cardano It was a provocative comment aimed at exploring why there was such strong interest in Dogecoin compared to other cryptocurrencies such as. He questioned why Musk has a “weird fetish for Dogecoin” and mused on the possibility of precious assets as a reason for his continued promotion of the chest coin.

In a recent discussion on X Space, Musk confirmed that he owns a significant amount of Dogecoin and that SpaceX holds Bitcoin. Although Musk’s exact presence in Dogecoin has not been disclosed, his influence on the cryptocurrency is undeniable. His enthusiastic boosts and tweets often led to valuable price movements and increased interest in Dogecoin.

Hoskinson’s comments highlight curiosity and speculation about Musk’s involvement in the cryptocurrency space and its potential impact on digital assets such as Dogecoin.

This news was first published on the Coin Engineer website.