The head of Tesla and SpaceX Musk promised to support the owners of the Dogecoin cryptocurrency in its sale. He posted the relevant publication on the Internet. After Musk’s statements, the “crypt” rate collapsed.

“If the large Dogecoin holders sell most of their coins, then I will fully support them. Too much concentration is the only real problem in my opinion,” he wrote. So, after the announcement of the American billionaire, the price of Dogecoin increased by 14 percent, and is currently varying around six cents per coin.

Earlier there was information that Musk bought Dogecoin for his son. After the relevant news, the value of the currency increased from 6 to 8 cents.