Shiba Inu: When Elon Musk Reveals the Amount of SHIB He Owns

Technology billionaire Elon Musk announced at the end of 2020 that he owns a meme cryptocurrency inspired by Shiba Inu called Dogecoin. The price of this meme coin has skyrocketed after his announcement and reached unprecedented levels. DOGE has risen from a low of $0.002 in November 2020 to an all-time high of $0.73 in May 2021. In just six months, this meme coin has surged 36,500%, generating enormous profits for investors. In interviews, Elon Musk has also publicly talked about Dogecoin and frequently tweeted about the meme coin. He also hosted an episode of Saturday Night Live (SNL) titled 'The Dogefather'. The entrepreneur has gone as far as calling Dogecoin "the people's crypto". His endorsement of DOGE has attracted millions of new investors to the global cryptocurrency market. At the same time, Dogecoin faces competition in the meme and token segment, and that is Shiba Inu. Shiba Inu: How many SHIB tokens does Elon Musk hold? During the peak of the 2021 price surge, the meme currency segment was divided into two main groups: Dogecoin and Shiba Inu. Both factions played the role of competing rivals, overshadowing each other on every social media platform. The SHIB camp experienced exceptional growth as this token skyrocketed by 85,000,000% from 2020 to 2021. Some investors are curious whether Elon Musk has invested in Shiba Inu after buying Dogecoin or not.

An investor like that has continued to tag Elon Musk on X and asked if he owns Shiba Inu tokens in his investment portfolio. To everyone's surprise, Tesla's CEO responded to the tweet asking if he owns SHIB tokens. At that time, there were also many speculations that Elon Musk could be the founder of Shiba Inu.

"Hey, Elon Musk, how much SHIB do you hold?" the user asked. He replied, "None." That's it: Space X founder Elon Musk has confirmed on social media that he does not own SHIB tokens. He only holds Dogecoin, Bitcoin, and Ethereum in his investment portfolio and no other cryptocurrency. DYOR! #Write2Win #Write&Earn $SHIB {spot}(SHIBUSDT)