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11.11 - 06:57
SHIB plummets 20% as Elon Musk reveals he owns none
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Shiba Inu (SHIB), the recently surging Dogecoin-inspired ERC-20, suffered a 20% retracement in two hours as Tesla founder and hypothetical Doge CEO Elon Musk announced to Twitter that he doesn't hold any Shiba Inu tokens.
The retracement came after SHIB surged past its previous all-time high to tag a local top of $0.000044 on Oct. 24 following a more than 500% rally since the start of October.
Amid the token’s bullish price action, Twitter user “ShibaInuHodler” asked Musk how much Shib he was holding, to which Musk responded: “None.”
Hey @elonmusk How Much $Shib You Are Holding!!
While SHIB sellers had already stepped in to take profits at the token’s local all-time high, SHIB would quickly lose a further 10% to trade for $0.000035 within
Read more on cointelegraph.comAbout this in other media
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Dogecoin Price Soars Then Drops As New Update Goes Live cryptonews.com /3 years ago
Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap cointelegraph.com /3 years ago
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