Elon Musk, the CEO of Tesla and a prominent supporter of Dogecoin, recently confirmed that his son, 'lil X,' still holds his Dogecoin despite market fluctuations. This confirmation came after a graphic designer known as 'dogedesigner' tweeted about 'lil X' being a dedicated holder who has never expressed interest in selling. Musk responded with a laughter emoji, indicating his amusement at the situation.

The interaction between Musk and 'dogedesigner' sparked a wave of reactions from the crypto community, with some users sharing old tweets from Musk about Dogecoin. In one tweet from February 10, 2021, Musk stated that he had bought Dogecoin for 'lil X' so that he could be a 'toddler hodler.' Another user asked how many Dogecoins 'lil X' holds, but Musk did not respond.

Musk's tweets often have a significant impact on the Dogecoin market, with prices fluctuating rapidly after his statements. Despite the recent decline in Dogecoin's value, Musk remains a strong supporter of the cryptocurrency. He frequently mentions it in his tweets and has even accepted it as payment for some Tesla merchandise. Musk's support for Dogecoin has led to an increase in its value, with the cryptocurrency experiencing a surge in price after Musk tweeted about the passing of Kabosu, the dog that inspired the DOGE meme.

The recent confirmation that 'lil X' still holds Dogecoin has led to renewed interest in the cryptocurrency, with many users expressing their admiration for Musk's support. Despite the market's volatility, Dogecoin remains a popular cryptocurrency, and its value is expected to fluctuate in response to Musk's tweets and other market factors.

As of the last 24 hours, Dogecoin's price has decreased by 0.08% to $0.122, indicating a slight decline in its value. However, the cryptocurrency's popularity and Musk's continued support are likely to influence its price in the future. With its dedicated community and increasing adoption, Dogecoin is expected to remain a significant player in the cryptocurrency market.