Elon Musk had a significant impact on Shiba Inu (SHIB)$SHIB

cryptocurrency, including

- Musk’s tweet about getting a Shiba Inu (either the dog breed or the cryptocurrency) led to speculation and a significant increase in the price of SHIB.

- In May 2024, Musk’s post on X (formerly Twitter) paying tribute to Kabosu, the original dog behind the Dogecoin$DOGE

meme, led to a 4.5% increase in the price of SHIB.

Elon Musk's tweets had a significant impact on Shiba Inu (SHIB) cryptocurrency, including:

- A single tweet in October 2021, where Musk posted a picture of a Shiba Inu dog with the caption "Floki has arrived", led to a 50% increase in SHIB's price.

- In November 2021, Musk tweeted " Shib " which led to a 23% increase in SHIB's price.

- In March 2022, Musk tweeted " I'm buying Shib " which led to a 35% increase in SHIB's price.

These tweets demonstrate the significant influence Elon Musk has on the cryptocurrency market, particularly on Shiba Inu, with his tweets causing significant price movements and increases in trading volume.