Elon Musk revealed how much SHIB he owns

Elon Musk, a tech billionaire from late 2020, announced that he owned the meme currency Dogecoin with Shiba-Inu themes. After his announcement, the price of Dogecoin soared to unprecedented heights. DOGE rose from $0.002 at the end of November 2020, to $0.73 by May 2021. The meme coin soared 36,500% in just six months. This generated massive profits for the investors.

Elon Musk has also spoken openly about Dogecoin in interviews and tweeted regularly about this meme currency. He also hosted the Saturday Night Live (SNL) titled ‘The Dogefather’. Dogecoin was named by the entrepreneur. “the people’s currency.” The cryptocurrency market has seen millions of investors come in after his endorsement. Shiba Inu, a token that competes with Dogecoin, was also launched in the meme sector.

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Shiba inu: how much SHIB tokens does Elon Musk hold?

The meme currency was split into two main groups during the 2021 bull run, namely Dogecoin (the first) and Shiba Inu. The two camps were rivals who slandered each other across all platforms of social media. SHIB grew in leaps and bounds between 2020-2021 as tokens soared by 85,000,000%. Several investors wondered if Elon Musk bought Shiba Inu coins after purchasing Dogecoin.

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Elon Mots was tagged on X by an investor who asked him if he had Shiba Inu tokens in his collection. Tesla’s CEO, Elon Musk, responded in a surprising way to a tweet asking him if SHIBs were part of his portfolio. Elon Musk was also the subject of speculation at that time. could be the founder Shiba Inu.

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“Hey, Elon Musk, how much SHIB you are holding?” The user replied. He replied. “None.” Space X founder: there we have it. Elon Musk has confirmed via social media that SHIB tokens are not his.. In his portfolio, he only has Dogecoins, Bitcoins, and Ethereum.