DOGE Jumps 6% Following Elon Musk’s 1M Dogecoin Offer

Elon Musk is now offering 1 million DOGE as a reward to anyone who can locate the whereabouts of the mine and provide proof of its existence.

To set the record straight, a designer at Dogecoin, who goes by the Twitter handle ‘DogeDesigner,’ offered 69,420 DOGE to any media outlet that can prove the existence of the mine in question. Musk, then, went on to up the value to 1 million DOGE. Shortly after, the memecoin went up by almost 8% at one point.

• The rumors about Musk’s family owning an emerald mine in Zambia have been circulating on the internet since at least 2018.
• However, in a 2014 Forbes interview conducted by freelancer Jim Clash, Musk claimed to have shared an off-handed anecdote about his now-estranged father, Errol Musk’s alleged mine.
• While the article has been since removed from the Forbes website, it is still available on Internet Archive.
• The rumors gained fresh traction after his takeover of the social media giant Twitter.
• A few months later, a video was posted by Robert Reich, Berkeley professor and Former United States Secretary of Labor, arguing that several billionaires actually had privileged upbringings despite being described as “self-made.”
• The video cited the example of Musk’s family owning an emerald mine in Apartheid South Africa and that it was this seed money that made it possible for him to become the American billionaire he is today.
• These claims drew a sharp backlash from the Twitter chief, who called the American professor an “idiot and a liar.”