$SHIB Shiba Inu: How Much SHIB Tokens Does Elon Musk Hold?
Shiba Inu: When Elon Musk Revealed How Much SHIB He Owns
Tech billionaire Elon Musk announced in late 2020 that he owns the Shiba Inu-themed meme cryptocurrency Dogecoin. The price of the meme coin soared after his announcement and rallied at unprecedented levels. DOGE went from a low of $0.002 in November 2020 to an all-time high of $0.73 in May 2021. In just six months, the meme coin skyrocketed 36,500%, generating massive profits for investors.
During the peak of the bull run in 2021, the meme currency segment was divided into two groups primarily Dogecoin and Shiba Inu. Both camps acted as rivals dissing each other on all social media platforms. The SHIB camp grew by leaps and bounds as the token soared 85,000,000% (85 million percent) between 2020 to 2021. A handful of investors were keen to know if Elon Musk invested in Shiba Inu after buying Dogecoin.
One such investor went ahead tagging Elon Musk on X asking him if he owns Shiba Inu tokens in his portfolio. To everyone’s surprise, the Tesla CEO replied to the tweet that asked him if he owned SHIB tokens. At that time, speculations were also rife that Elon Musk could be the founder of Shiba Inu.
