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

Tech billionaire Elon Musk announced at the end of 2020 that he owns the meme cryptocurrency inspired by Shiba Inu called Dogecoin. The price of this meme coin skyrocketed after his announcement, reaching an all-time high. DOGE surged from a low of 0.002 dollars in November 2020 to a record high of 0.73 dollars in May 2021. In just six months, this meme coin surged by 36,500%, generating huge profits for investors. In interviews, Elon Musk has also publicly spoken about Dogecoin and frequently tweeted about the meme currency. He also hosted the Saturday Night Live (SNL) show titled 'The Dogefather'. The entrepreneur has propelled Dogecoin and called it the "people's currency". His endorsement of DOGE has attracted millions of new investors into the global cryptocurrency market. At the same time, Dogecoin has a competitive rival in the meme and token segment, which is Shiba Inu. Shiba Inu: How Many SHIB Tokens Does Elon Musk Hold? During the peak of the 2021 price hike, the meme currency segment was divided into two main groups, Dogecoin and Shiba Inu. Both factions play the role of competing opponents, vying for dominance on every social media platform. The SHIB faction has grown significantly as this token has skyrocketed 85,000,000% (85 million percent) from 2020 to 2021. Some investors want to know 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, the CEO of Tesla replied 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 are you holding?" the user asked. He replied, "None." That's it: Space X founder Elon Musk has confirmed on social media that he does not own any SHIB tokens. He only holds Dogecoin, Bitcoin, and Ethereum in his investment portfolio and no other cryptocurrencies.