{"id":51697,"date":"2021-10-25T10:16:53","date_gmt":"2021-10-25T07:16:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51697"},"modified":"2025-09-03T01:11:41","modified_gmt":"2025-09-02T22:11:41","slug":"elon-musk-denies-investing-in-shiba-inu-as-meme-cryptocurrency-slides","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-denies-investing-in-shiba-inu-as-meme-cryptocurrency-slides\/","title":{"rendered":"Elon Musk denies investing in Shiba Inu as meme cryptocurrency slides."},"content":{"rendered":"<p>Elon Musk said that he had not invested in Shiba Inu (SHIB). In response, the meme cryptocurrency\u2019s price fell more than 20%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"it\" dir=\"ltr\">None<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1452332435266576395?ref_src=twsrc%5Etfw\">October 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 24, the price of Shiba Inu<a href=\"https:\/\/u1f987.com\/en\/news\/shiba-inu-meme-coin-price-hits-all-time-high\"> reached an all-time high<\/a> at $0.00004447. One of the token&#8217;s supporters asked Musk, \u2018How much SHIB does he hold?\u2019<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNot at all,\u201d replied the founder of Tesla.<\/p>\n<\/blockquote>\n<p>Thereafter, SHIB&#8217;s price plunged, briefly hitting $0.00003285. The token is currently trading at $0.00003822.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Tnliy-IVYIYC1WtpOSMAnBBsdwqxu1794XQpOYDl9sxdPUGX0mSFcnhQT9LIBBSHMQHLVCbzuF1Uz1ZueI3FvgVqEqB_esR_e2brIMuziMrQiHsz6j8q2mN6immBFYVktrajy2aB=s1600\" alt=\"Elon Musk denies investment in Shiba Inu. Meme cryptocurrency reacts to a drop\"\/><figcaption>SHIB\/USDT chart on Binance. Data:<a href=\"https:\/\/ru.tradingview.com\/symbols\/SHIBUSDT\/?exchange=BINANCE\"> TradingView<\/a>.<\/figcaption><\/figure>\n<p>The billionaire added that, out of curiosity, he acquired some ASCII hash strings named \u201cBitcoin, Ethereum and Doge\u201d. He described true value as \u201ccreating products and providing services to fellow human beings, not money in any form.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Out of curiosity, I acquired some ascii hash strings called \u201cBitcoin, Ethereum &#038; Doge\u201d. That\u2019s it. <\/p>\n<p>As I\u2019ve said before, don\u2019t bet the farm on crypto! True value is building products &#038; providing services to your fellow human beings, not money in any form.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1452334458066149377?ref_src=twsrc%5Etfw\">October 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In another Twitter exchange, the Tesla founder denied that Jared Birchall, head of his family office, sits on the advisory board of the nonprofit Dogecoin Foundation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Neither Jared, nor me, nor anyone I know has anything to do with this foundation<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1452074589257883654?ref_src=twsrc%5Etfw\">October 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNeither Jared, nor I, nor anyone I know has anything to do with this foundation,\u201d wrote Musk.<\/p>\n<\/blockquote>\n<p>In August, the meme cryptocurrency<a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-and-elon-musks-representative-join-dogecoin-foundation-as-advisers\"> announced the resumption of activity of the Dogecoin Foundation<\/a>. In addition to Birchall, among the advisers were Ethereum co-founder Vitalik Buterin, one of the creators of Dogecoin Billy Markus, and developer Max Keller.<\/p>\n<p>Earlier in October, Shiba Inu<a href=\"https:\/\/u1f987.com\/en\/news\/shiba-inu-meme-token-overtakes-uniswap-litecoin-and-avalanche-in-market-capitalization\"> surpassed Uniswap, Avalanche and Litecoin<\/a> in market capitalization.<\/p>\n<p>Earlier, the bitcoin exchange <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-adds-shib-to-listing-token-price-surges\">Coinbase launched SHIB trading<\/a>. At that time its price jumped by 33%.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk said that he had not invested in Shiba Inu (SHIB). In response, the meme cryptocurrency\u2019s price fell more than 20%.<\/p>\n","protected":false},"author":1,"featured_media":51698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,1525],"class_list":["post-51697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-shiba-inu"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51697"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51697\/revisions"}],"predecessor-version":[{"id":51699,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51697\/revisions\/51699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51698"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}