News

David Gokhshtein Still Believes In Dogecoin

Former congressional candidate, Gokhshtein Media founder and CEO David Gokhshtein has shown his support for DOGE on Twitter.

Gokhshtein referenced DOGE in a tweet after previously supporting it.

Markus left the DOGE development team approximately 7-8 years ago, but he is still a crypto influencer since he is active on Twitter and is on somewhat nice terms with the largest DOGE enthusiast, Elon Musk, the Twitter CEO recently, despite the fact that they have never met in person.

David previously stated in his tweets that he is holding bags of DOGE and is waiting for the coin to skyrocket. Shiba Inu, a rival memecoin of Dogecoin, is also held by him.

At the time of writing, DOGE is trading at $0.101.

DOGE daily chart. Source: Coincu

As Coincu reported, Ethereum founder Vitalik Buterin continues to support Dogecoin (DOGE) by donating to the project development organization. Buterin quietly donated another 20 million DOGEs to the Dogecoin Foundation, once again showing how the meme coin has potential, even as current Twitter CEO Elon Musk also publicly supports it.

Previously in May 2022, the founder of Ethereum once transferred 500 Ethereum (ETH), worth more than $1.3 million at that time to the fund after officially becoming a member of the Dogecoin advisory board. The foundation with Elon Musk’s representative is Neuralink’s CEO, Jared Birchall.

In early November, monitoring agencies discovered more than $400,000 million worth of Dogecoin (DOGE) transferred on-chain during an ongoing crypto market dip, it is clear that whales have been transferable significant sums of the meme-inspired cryptocurrency.

It is unclear whether the whales are seeking to sell their Dogecoin holdings or whether they are relocating them for some other purpose because no money moved to cryptocurrency trading platforms. The price of Bitcoin, the leading cryptocurrency, dropped from approximately $20,000 to $16,000 at the time of writing due to a larger cryptocurrency market collapse.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.