Tesla CEO Elon Musk just confirmed to one of the many Shiba Inu accounts on crypto Twitter saying that he didn’t own Shiba Inu, despite being a highly influential figure for that community.
<h2><strong>Elon Musk Doesn't Hold Shiba Inu</strong></h2>
Elon Musk, who has repeatedly touted Dogecoin, <a href="https://twitter.com/elonmusk/status/1452332435266576395?s=20" target="_blank" rel="nofollow noopener">responded</a> to a query from a Twitter user asking how much Shiba Inu he holds to which he replied, “None."

Besides SHIB, Musk was asked whether he had holdings in FLOKI, the token named after his Shiba Inu puppy, to which he confirmed that he only owned bitcoin, ether, and dogecoin. “Out of curiosity, I acquired some ASCII hash strings called ‘Bitcoin, Ethereum &amp; Doge. That’s it,”
<blockquote><em>“As I’ve said before, don’t bet the farm on crypto. True value is building products &amp; providing services to your fellow human beings, not money in any form.”</em></blockquote>
As of 9:30 a.m. on Monday, SHIB was down 15% from its all-time high reached on Sunday Hong Kong time, according to the pricing from CoinGecko.com. The token has risen more than 400% in the past 30 days to be the 11th-largest by value.

The <a href="https://www.cryptoknowmics.com/news/meme-cryptocurrency-shiba-inu-to-gets-listed-on-robinhood-competitor-public-com/">cryptocurrency</a> had reached an ATH of $0.00004217. But after Elon’s tweet, the token crashed to $0.00003282, a loss of over 27%. From there, it managed to recover a bit to its current price of $0.00003770.
<h2><strong>Musk Confirmed He's Not Affiliated to Dogecoin Foundation</strong></h2>
Regarding Dogecoin’s <a href="https://www.cryptoknowmics.com/news/after-elon-musks-trillionaire-tweet-the-value-of-dogecoin-increased/">improvements</a>, he was asked whether he had any recent interactions with the Doge development team. Musk admitted that he had not interacted with them lately, saying:
<blockquote><em>“What matters imo is lowering fees, decreasing block time &amp; increasing block size. A single layer network with exchanges as de facto layer 2 seems like the simplest solution for a medium of exchange.”</em></blockquote>
Musk also clarified that he does not have anything to do with the Dogecoin Foundation in response to a comment on Twitter that said, “Jared Birchall represents Elon Musk, but as all advisors, he has no direct voting rights. This guarantees the foundation stays independent while taking advantage of the expertise of shibes like Elon”, adding, "<em>Neither Jared, nor me, nor anyone I know has anything to do with this foundation."</em>

Elon Musk Confirms He Doesn’t Hold Shiba Inu Tokens

Elon Musk just confirmed to one of the many Shiba Inu accounts on crypto twitter saying that he didn’t own any Shiba Inu tokens.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Elon Musk Confirms He Doesn’t Hold Shiba Inu Tokens

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