Tesla (NASDAQ:) CEO Elon Musk has lent his voice to a declare suggesting that Robinhood is the largest Dogecoin holder.
Responding to a tweet that named Robinhood’s management of Dogecoin as “the one factor stopping [the digital asset] from being acceptably diluted,” Musk opined that the commission-free buying and selling app may very well be a significant holder.
Seems like it’s
— Elon Musk (@elonmusk) February 16, 2021
As earlier reported by BTC PEERS, Musk criticized the unequal wealth distribution of Dogecoin final week. He went so far as providing money to prime holders to promote their stash. His feedback compelled the digital foreign money to lose about 20% of its worth. Nevertheless, the now Thirteenth-largest cryptocurrency by market cap has recovered barely and is now buying and selling at round $0.053.
Robinhood has come beneath lots of intense fireplace currently. In late January, the buying and selling app restricted GameStop (NYSE:) buying and selling when retail merchants determined to pump the asset, in opposition to the want of hedge funds that had guess in opposition to the inventory costs.
Musk has additionally personally traded phrases with the founding father of Robinhood. Throughout a Clubhouse interview early this month, Musk questioned Vladimir Tenev saying:
Did you promote your purchasers down the river, or [did] you haven’t any alternative?
The richest Dogecoin handle presently controls 28.69 p.c of the asset’s circulating provide.
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