Elon Musk, the tech billionaire behind Tesla, has been secretly funding Dogecoin's development, says renowned biographer Walter Isaacson. While Musk's takeover of Twitter garnered headlines, his ongoing support for the meme coin remained under wraps even amidst its value collapse.

According to Forbes, the 52-year-old business magnate Musk was found to have been secretly funding the development of Dogecoin (DOGE). He continued to provide support even when the price of this crypto crashed 90% from its all-time high. DOGE collapsed along with its rivals, Bitcoin and other major cryptocurrencies.

Probably, his financial support for Dogecoin has gone undetected as Musk was mostly in the news for his chaotic $44 billion takeover of Twitter, which was recently rebranded to "X." But even before he purchased the social media platform, he had been actively voicing out favorable opinions related to DOGE. Many reports mentioned that this crypto appeared to be Musk's favorite.

Isaacson, the billionaire's biographer, wrote in his book "Elon Musk" that the Tesla and SpaceX owner is indeed funding Dogecoin. Then again, the amount of financial support Musk gives Dogecoin is unclear.

There is no information about the level of his investment in this crypto, but he said before that he would like to upgrade the Shiba Inu meme coin to beat Bitcoin. With this said, it seems that Musk is willing to go all out to make Doge the "currency of Earth."

Meanwhile, Cryptopolitan reported that the new biography written by Isaacson will reveal in detail Musk's ambitious plans to integrate Dogecoin into a social media platform created on blockchain technology. If this pushes through, the business mogul will certainly revolutionize social media interactions, as this is a significant development that will combine cryptocurrency and daily social interactions of users.

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