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Elon Musk Says He Doesn’t Own Shiba Inu Tokens, Enraging SHIB Hodlers

Elon Musk has a Shiba Inu pet at house. Elon Musk has joked about Shiba Inu, however Elon Musk doesn’t hodl Shiba Inu.

Replying to one of many many Shiba Inu accounts on Crypto Twitter, the well-known Elon Musk confirmed that he didn’t personal Shiba Inu, regardless of being a extremely influential determine for that neighborhood.

Elon Musk Has no Shiba, Floki, or Any Other Dogecoin Spin-Off

And though his pet’s identify is Floki, Elon Musk doesn’t have a single Floki token both.

Elon Musk stated he solely owned Bitcoin, Ethereum, and Dogecoin (a portfolio he had already revealed). The disclosure got here with a chunk of recommendation for all maximalists —be it Bitcoin, Shiba Inu, or every other cryptocurrency: religion in a coin doesn’t matter as a lot because the ecosystem of providers constructed round it.

Elon Musk says he has no Shiba Inu. Image: Twitter
Elon Musk says he has no Shiba Inu. Image: Twitter

It appears that Elon Musk prefers the unique meme to the copy. The world’s richest man has been actively working to enhance Dogecoin and make it globally viable as a quick, low-cost, and scalable medium of alternate.

The Dogecoin Foundation even appointed an affiliate of Elon Musk as a member of its board of advisors, so it might be stated that the entrepreneur’s relationship with Dogecoin goes far past memes.

Elon Musk’s love for Dogecoin has unfold all through his firm. In a subsequent tweet, the entrepreneur claimed that lots of his staff additionally owned Dogecoin, and this was one of many issues that motivated him to get into this cryptocurrency.

The Cute Puppy Shows Its Teeth

Shiba Inu, which till then had launched into an almost 50% bull run over the weekend, had an nearly instantaneous drop after Elon Musk’s Tweet.

The cryptocurrency had reached an ATH of $0.00004217. As Cryptopotato reported, this was sufficient to carry a $1K buy of $SHIB earlier within the 12 months to $500 Million in October. But after Elon’s tweet, the token crashed to $0.00003282, a harmful lack of over 27%. From there, it managed to recuperate a bit to its present value of $0.00003770.

Price of Shiba Inu. Image: Tradingview
Price of Shiba Inu. Image: Tradingview

Of course, this unleashed the wrath of the Shiba Inu neighborhood, which, upset by the losses, known as to cancel Elon, criticizing his extreme affect and clamoring to “break free” from the Musk impact.

But perhaps that grudge will cross when Elon releases a brand new picture of his pet, elevating the token to the heights… Again.

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