How Much SHIB Tokens Does Elon Musk Hold?
The rise of meme cryptocurrencies like Dogecoin and Shiba Inu has captured global attention, often fueled by endorsements or mentions from influential figures. Elon Musk, the billionaire entrepreneur and CEO of Tesla, played a pivotal role in driving the popularity of Dogecoin. His tweets and public support propelled DOGE to an all-time high of $0.73 in 2021, marking a 36,500% rise within six months.
However, as Shiba Inu (SHIB) gained traction in the meme coin sector, many wondered if Musk also held SHIB tokens. In 2021, during the peak of the bull run, an investor on X (formerly Twitter) directly asked Elon Musk if he owned any SHIB tokens. Musk’s response was a simple “No,” clarifying that his cryptocurrency portfolio only included Bitcoin, Ethereum, and Dogecoin.
This statement dispelled rumors that Musk might be associated with Shiba Inu, despite widespread speculation. While Musk's influence helped Dogecoin achieve meteoric success, his stance on SHIB highlighted the separation between the two rival meme coins.
