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SHIB Drastically Crashed 20% After Elon Musk Reveals He Owns None -Breaking

by Mike Robinson

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SHIB Drops 20 Percent After Elon Musk Shows He Has None
  • Elon Musk made it clear that he doesn’t own any coins and stopped the SHIB’s nonstop rise in canine-themed SHIB.
  • SHIB had already surpassed its ATH, but this astonishing revelation saw SHIB drop to 20%.
  • Twitter (NYSE.:) has a variety of reactions to the issue.

Over the last few weeks, the world witnessed the steadily increasing value of the dog-themed (SHIB), coin. This was interrupted by a Twitter user (@ShibaInuHodler) who bravely asked Elon Musk (NASDAQ:), Tesla founder, whether he owned SHIB. Much to the Twitter crypto community’s surprise, Musk replied “NONE” — which sparked interesting conversations in the space.

The user, @ShibaInuHodler then suggested Musk to invest in SHIB — perhaps to save his face and cover up the unexpected answer from him. The Twitter crypto community had a variety of reactions. Many people even criticised @ShibaInuHodler’s decision to engage Musk.

SHIB plunged to 20% just two hours following this heated discussion. Just after SHIB had surged to $0.000044 Oct. 24, the retracement occurred.

Looking at SHIB’s graph above, one can see its stable growth. The coin quickly rose in ranking — now, it is at the 13th spot in CoinMarketCap.

As you can see, SHIB has a strong community and quickly recovered from the unexpected dip. This could lead traders to conclude that SHIB has a bright future, whether Elon Musk is involved.

CoinMarketCap reports that Shiba Inu, (SHIB), trades at $0.00003987. There has been a 171.35% 24-hour volume growth, as reported by CoinMarketCap.

Continue reading on CoinQuora

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