Elon Musk Might Own 20% of Dogecoin's Supply, Cardano Founder Suggests

Cardano founder Charles Hoskinson recently suggested that Elon Musk might own large portion of Dogecoin supply

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 owning a large portion of its supply. At the same time, he does not rule out that the controversial entrepreneur might simply like the cryptocurrency logo: "He's a legendary entrepreneur, and no one can challenge…He's a magical guy. He's really like a sphinx.

"I even know Kimbal Musk, and I've talked to him on several occasions. And I know many people in Elon's orbit. And never once has he mentioned Cardano or, or me, or anything…For some reason, we can't break through. I don't know why. He's certainly aware of crypto. Maybe he's got people in his social circle that don't like me," he added. It makes him"sad" because he is an X user with a million followers on the platform.

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