Tech billionaire Elon Musk introduced in late 2020 that he owns the Shiba Inu-themed meme cryptocurrency Dogecoin. The worth of the meme coin soared after his announcement and rallied at unprecedented ranges. DOGE went from a low of $0.002 in November 2020 to an all-time excessive of $0.73 in May 2021. In simply six months, the meme coin skyrocketed 36,500%, producing huge earnings for traders.
In interviews, Elon Musk additionally overtly spoke about Dogecoin and recurrently tweeted concerning the meme foreign money. He additionally hosted the Saturday Night Live (SNL) titled ‘The Dogefather’. The entrepreneur stepped forward and referred to as Dogecoin “the people’s currency.” His endorsement of DOGE added tens of millions of latest traders to the cryptocurrency market worldwide. At the identical time, Dogecoin obtained a competitor within the meme section, and the token was Shiba Inu.
Shiba Inu: How Much SHIB Tokens Does Elon Musk Hold?
During the height of the bull run in 2021, the meme foreign money section was divided into two teams primarily Dogecoin and Shiba Inu. Both camps acted as rivals dissing one another on all social media platforms. The SHIB camp grew by leaps and bounds because the token soared 85,000,000% (85 million %) between 2020 to 2021. A handful of traders have been eager to know if Elon Musk invested in Shiba Inu after shopping for Dogecoin.
One such investor went forward tagging Elon Musk on X asking him if he owns Shiba Inu tokens in his portfolio. To everybody’s shock, the Tesla CEO replied to the tweet that requested him if he owned SHIB tokens. At that point, speculations have been additionally rife that Elon Musk may very well be the founding father of Shiba Inu.
“Hey, Elon Musk, how much SHIB you are holding?” requested the person. To which he responded, “None.” So there you go: Space X founder Elon Musk confirmed on social media that he doesn’t personal SHIB tokens. He solely holds Dogecoin, Bitcoin, and Ethereum in his portfolio and no different cryptocurrencies.
