Elon Musk Confirms He Doesn’t Hold Shiba Inu Tokens
Elon Musk Doesn't Hold Shiba Inu
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 & Doge. 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.”
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 cryptocurrency 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.
Musk Confirmed He's Not Affiliated to Dogecoin Foundation
Regarding Dogecoin’s improvements, 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:
“What matters imo is lowering fees, decreasing block time & increasing block size. A single layer network with exchanges as de facto layer 2 seems like the simplest solution for a medium of exchange.”
