Elon Musk reveals he still holds Dogecoin - Is DOGE price "immune"?

Billionaire Elon Musk recently revealed that he still holds Dogecoin since publicly supporting memecoin since 2021.

Elon Musk reveals he still holds Dogecoin - Is DOGE price "immune"? 

Sharing at X Space (formerly Twitter) on January 11, Elon Musk said he still holds Dogecoin, affirming that this is still one of his favorite coins.

The billionaire said:

“I still own a lot of Dogecoin and SpaceX owns a lot of Bitcoin.”

It appears that Elon has yet to sell any Dogecoin since volunteering to promote it, and he has not disclosed any other crypto holdings.

However, unlike Elon Musk's "chart-attached" statements in the past, DOGE price seems to be "immune" and not affected by this CEO's statement. DOGE only increased slightly by 6% after 24 hours, not counting the resonance with the market growth cycle.

DOGE/USDT frame 1D taken at 10:45 am on January 12, 2024 on Binance

At the peak of 2021, such a statement from Elon Musk could create a seismic upheaval in Dogecoin price. At that time, people called him "Dogefather", an important factor in the development history of the project.

The billionaire even loves Dogecoin so muchIntegrate Dogecoin as a means of paymentfor some items at his electric car company Tesla. Or suddenlychanged X's blue bird logo to the Dogecoin symbolic Shiba dog, but againquickly change back.

DOGE was created in 2013 with the initial intention of simply making fun of Bitcoin. After many years, the memecoin project began to become widely known thanks to Elon's mentions and compliments.

To date, DOGE still maintains its performance as the coin with the 10th largest capitalization in the market. Even Binance CEO CZ is rightexpressed dissatisfaction because of the "permanence" longer than Dogecoin predicted.

Dogecoin is in the top 10 cryptocurrencies with the largest capitalization. Source: CoinMarketCap