May 20 (Reuters) - Tesla Inc Chief Executive
Officer and cryptocurrency supporter Elon Musk said on Thursday
he has not and will not sell any of his dogecoin holdings.
Earlier this month, he called the cryptocurrency a "hustle"
during his guest-host spot on the "Saturday Night Live" comedy
sketch TV show, leading prices to tumble.
"Yeah, I haven't & won't sell any Doge," Musk said on
Twitter in response to a tweet on Thursday claiming he would
never sell any of his doge holdings and that he was the
"ultimate hodler." (https://bit.ly/342BQMU)
His tweets on dogecoin have turned the once-obscure digital
currency into a speculator's dream.
Musk has posted numerous comments about cryptocurrencies on
Twitter this year, causing prices to gyrate.
Last week, Musk said Tesla would no longer accept bitcoin
for car purchases, citing long-brewing environmental concerns
for a swift reversal in the company's position on the
Dogecoin was up 12% at $0.405, according to crypto exchange
(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj