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Elon Musk Lost An Entire Dogecoin Market Cap In Just One Day

According to information by the Bloomberg Billionaire Index, Tesla CEO Elon Musk personal net worth declines by $35 billion in just one day.

Furthermore, This equals the entire market cap of meme cryptocurrency Dogecoin.

Currently, The Meme cryptocurrency which Musk supports is currently trading at around $0.27 on major spot exchanges.

Also, Tesla shares a record of the biggest daily drop of 2021. Of course, Elon net worth receives a blow after the shares of e-car manufacturer Tesla drops 16% this week.

Notably, On Tuesday the stock sees 11.99% decline, marking its biggest one-day loss in 14 months.

Also, Twitter decides that Elon Musk to sell 10% of his shares after over 3.5 million people participates in the businessman’s poll.

Do you support this?

— Elon Musk (@elonmusk) November 6, 2021

Furthermore, in 48 hours, Elon wealth declines to $50 billion. Of course, this surpasses the entire net worth of Len Blavatnik, the richest man in the U.K.

Notably, Bloomberg days this is the steepest two-day drop in history. Meanwhile, Amazon CEO Jeff Bezos holds the record for the biggest one-day decline. Of course, this is after reaching a $37 billion divorce settlement with MacKenzie Scott.

Lastly, Elon Musk still has a comfortable $82 billion lead over Bezos, according to the Bloomberg Billionaire Index.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.