Elon Musk once again trolls his cryptocurrency followers
In response to a sanctimonious tweet about risk management posted by Dogecoin co-founder David Marcus, Musk jokingly recommended his followers to do the exact opposite: believe everything they see on the internet and put the blame on others.
Last week, as reported by U.Today, the centibillionaire urged crypto people not to bet their farm on coins, explaining that he owned only some of them out of curiously.
The not-so-sound advice came after a dubious cryptocurrency inspired by the hit “Squid Game” series collapsed to zero earlier today. Its founders pulled off an obvious exit scam and fled with $ 2.1 million in victims’ money. Notably, the cryptocurrency gained widespread mainstream coverage from major mainstream media outlets, including BBC, before the implosion happened.
Last week, as U.Today reported, the Centibillionaire urged cryptos not to bet their farm on coins, explaining that he only owns a few out of curiosity. Musk also distanced himself from the Shiba Inu mania, claiming that he doesn’t own any SHIB tokens.
After relentlessly shilling Dogecoin in early 2021, Musk was later attacked by cryptocurrency holders after his price action turned south.
The original meme coin is still down a whopping 63% from its all-time peak.
In October, U.S. Securities and Exchange Commissioner Hester Peirce warned crypto buyers that celebrities who tout their favorite coins will not fire holders.
