The upcoming biography of Elon Musk, set to be published on September 12, is shedding light on some previously unknown facets of the billionaire’s involvement in the crypto and especially Dogecoin world. According to a report by the Wall Street Journal, the biography discloses that Musk has been discreetly funding the development of Dogecoin. The tech entrepreneur Musk has been “quietly funding” the development of Dogecoin, the biography unveils, further emphasizing the significant influence Musk has had on the meme coin’s popularity. This revelation comes amidst previous suspicions that Musk’s comments on Dogecoin have been instrumental in swaying its market dynamics. Earlier this year, a class-action lawsuit accused him of insider trading and artificially inflating the cryptocurrency’s price. Musk, however, defended his stance, asserting that his tweets in support of Dogecoin were not illegal. The biography, penned by Walter Isaacson, also highlights Musk’s consideration of launching a blockchain-based social media platform with integrated payments. The idea came from his brother Kimbal, who suggested starting a completely new social media platform based on blockchain. ..
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