Elon Musk is one of the most prominent individuals in the crypto space, with many looking to him for inspiration, but does he own any Shiba Inu Coin (SHIB)?
Musk is more known for his Dogecoin support - the original memecoin that inspired SHIB. However, SHIB holders thanked the Tesla CEO earlier this month after he posted an image of his new Shiba Inu puppy on Twitter - a potential catalyst for SHIB's price spike of over 200%.
Here's a look at whether Elon Musk is a SHIB hodler.
Does Elon Musk Own Any Shiba Inu Coin?
Elon Musk confirmed on Twitter that he does not own any SHIB.
The @ShibaInuHodler account asked Musk if he owned any Shiba Inu Coin. He simply replied: "None."
In fact, before today, Musk has never tweeted about SHIB specifically, with all of his Shiba Inu-related tweets more likely reflecting Dogecoin.
Musk confirmed at The B Word event in July that he owns Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH), further explaining he holds far more BTC than DOGE or ETH.
The Tesla CEO further confirmed these remain his current holdings, when asked if he owned any Floki Inu. "Out of curiosity, I acquired some ASCII hash strings called 'Bitcoin, Ethereum & Doge'," he said. "That’s it."
"As I’ve said before, don’t bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form."
The SHIB community responded to Musk's lack of SHIB in several ways. While some hit out at Musk and the @ShibaInuHodler account for damaging the price of SHIB (it dropped 20% after Musk's response), some noted that Shiba Inu could succeed without the influence on celebrities, and should instead focus on the community.