Benzinga | Jan 23, 2022 05:01PM EST

How Much Dogecoin Does Elon Musk Own? $100K, $1M, Or Is He A Whale?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to Benzinga visitors: How much Dogecoin (CRYPTO: DOGE) do you think Elon Musk owns?

Here are the full results from this week's survey:

* Less than $100,000 worth, just for fun: 5.2%

* Around $1,000,000, he's a true believer: 62.3%

* Several billions dollars worth, he's one of the whales: 32.5%

See Also: Dogecoin Vs. Shiba Inu

In recent news, Tesla Inc (NASDAQ:TSLA) began to accept and denominate merchandise on its online shop in Dogecoin earlier this month. Items listed in the "lifestyle" section of its shop, such as Giga Texas Belt Buckle, Cyberquad for Kids and the Cyberwhistle were priced in DOGE... Read More

It's no secret Musk's antics related to Dogecoin on Twitter have resulted in massive price fluctuations for the meme crypto. In a week when the broader cryptocurrency market has fallen sharply, it remains to be seen if Musk's tweeting about Dogecoin can sustain further gains in the near term.

At the time of publication, Dogecoin was trading around $0.1381, down 22% in the past week.

This survey was conducted by Benzinga in January 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

Photo: Courtesy of Telenovelas Foro on Flickr