Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money. They do it just because they can, to boost their stupid egos.
"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.
The history won't let Mr. Snake Musk escape with zero consequences.
To the Moon!
Most of those Doge holders are just holding it because Elon Musk keeps pumping it.
Many of them don't even know why Dogecoin was created. Although Elon keeps saying that he's bringing new improvements to Doge, we should know the risks when the top 10 wallets of Doge holds the 60% of the supply. This is where the game changes.