In an article published by the Wall Street Journal, some remarkable details about Elon Musk and Dogecoin (DOGE) were included, and the Dogecoin price made a partial upward movement.
In the article shared by WSJ, Elon Musk's biography, which will tell his life and will be published on September 12, is mentioned.
According to the information the article quotes from the bio in question, Elon Musk has been quietly funding DOGE developers. Additionally, before acquiring Twitter, he was planning to create a new social media platform that would be blockchain-based and include a payment system.
The information in the article also includes Elon Musk's rejection of the $ 5 billion fund proposed by Sam Bankman-Fried that would help him buy Twitter.
There is Actually No New Information in the Article Published by WSJ
However, it was not a secret that Elon Musk supported the development of Dogecoin, and Musk had stated in his past statements that he supported DOGE developers. In addition, it was known that Musk wanted to establish a social media platform before purchasing Twitter.
Despite this, there was an instant rise in the Dogecoin cryptocurrency chart due to the fact that this information in the biography was considered new.
*This is not investment advice.