Tesla CEO Elon Musk’s ‘Tip’ in a Nutshell for Dogecoin Crypto Token Owners

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On November 24, SpaceX and Tesla CEO Elon Musk tweeted in favor of Bill Lee, a founding partner of West Coast Holdings and an investor in its companies. Lee tweeted that until such time as the keys to the wallet are not in the possession of a user, they should not regard the holdings as “theirs.”

Bill Lee re-tweeted the tweet from MyDoge CTO, “The main goal of @MyDogeOfficial vision is to break the dependence on CEXs such as binance and robinhood and let #shibes take charge of their own rooms! ” with the quote “not your keys, not your crypto”. To that, Lee’s Musk replied, “Exactly.”

On November 23, Elon Musk expressed his anger via Twitter to Binance Coin CEO Changpeng Zhao about the cryptocurrency exchange limiting withdrawals for Dogecoin.

He tweeted, “Hey @cz_binance, what’s going on with your Doge customers? It sounds fishy. ”

Binance responded that they are completely rebuilding their dogecoin wallet, which will cause a delay in withdrawals and this could continue for a week.

Recently, to launch the Doge-1 satellite into space, Tesla partnered with Unizen (a smart crypto exchange ecosystem) and Geometric Energy Consumption (GEC) to fund this mission through Dogecoins.

Musk claimed in March 2021 that he had never sold any cryptocurrency stored in his wallet, Reuters reported. Additionally, he has repeatedly urged Dogecoin owners to hold onto their coins, as Tesla CEO expects Dogecoin’s value to climb ‘to the moon’.

Dogecoin (DOGE) is trading at a coin price of $ 0.222139 with a 24 hour trading volume of $ 1,402,069,163. It has increased 1.68% in the past 24 hours. DOGE’s total market cap is currently $ 29,474,792,873, according to coinmarketcap.com.

Dogecoin (DOGE) is based on the popular Internet meme “Doge” and features a Shiba Inu on its logo. It is one of the most popular even pieces.

The meme coins are those cryptocurrencies inspired by popular social media jokes, sarcasm or puns. According to Coinmarketcap, there are currently around 124 meme coins.

Recently, there has been a lot of controversy related to the cryptocurrency, as India plans to propose regulations during the next winter session which starts on November 29.

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