Elon Musk Doesn’t Own Shiba Inu Tokens, The SHIB Holders Go Wild

Elon Musk doesn’t own any Shiba Inu tokens as he answered on a tweet by Shiba Inu and the entire community now got enraged so let’s read more in our altcoin news today.

The Shiba Inu community is not happy with Elon Musk as SHIB crashed right after he revealed he didn’t own the coin. He does have a Shiba Inu puppy at home and he even joked about SHIB but it turns out he didn’t hold some. Replying to one of the Shiba Inu accounts, Elon Musk confirmed that he didn’t own any tokens despite being a highly influential figure for the rest of the community. Musk said he only owned BTC, ETH, and DOGE and this disclosure came with a piece of advice for the maximalists that the faith in a coin doesn’t matter as much as the ecosystem of services that are built around it. Elon Musk doesn’t own Shiba Inu tokens as we can see from the tweet below.

It seems that Musk prefers the original meme to the copy meme with the world’s richest man was working to improve DOGE and make it viable as a fast, cheap, and scalable cryptocurrency. The foundation even appointed an associate of Elon Musk and a member of the advisory board so it could be said that the entrepreneur’s relationship with this cryptocurrency goes even further than just memes. Musk’s love for dogecoin spread throughout his company and he even claimed that most of his employees owned DOGE and that this was one of the things that motivated him to get into the cryptocurrency. He said:

“Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto.

— Elon Musk (@elonmusk) October 24, 2021”

Shiba Inu embarked on a 50% bull run over the weekend and had an instantaneous drop after Musk’s tweet. The cryptocurrency reached an ATH of $0.00004217 and it was enough to lift a $1K purchase of SHIB earlier this year to $500 million in October. After Musk’s tweet, the token crashed to a new low with a loss of 27% but then managed to recover. Of course, this sparked a flame in the Shiba Inu community and they wanted to cancel Musk as they criticized his huge influence on Doge but maybe this grudge will pass when Elon passed a new photo of his puppy that boosted the price of the token once again.