Did Elon Musk Buy Any Shiba Inu Tokens During the Bull Run?

Elon Musk, one of the wealthiest people in the world, is an avid cryptocurrency fan. Musk has been very vocal about his support for Dogecoin (DOGE) and is also a proud owner of a Shiba Inu dog, which is DOGE’s mascot and logo. Although Musk has accepted DOGE payments in many of his ventures, such as Telsa Merchandise and for some SpaceX missions, many wonder if the tech billionaire owns any SHIB tokens.

According to Musk, he owns only three cryptocurrencies, namely, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The billionaire tech mogul has confirmed that he owns no other cryptos apart from these three and has mostly kept them as a long-term investment.

Also Read: After Embracing Bitcoin, Robert Kennedy Jr Supports Shiba Inu

Furthermore, Elon Musk confirmed to a Shiba Inu (SHIB) fan that he owns no SHIB tokens.

Also Read: Cryptocurrency: Top 3 Coins to Buy Under $0.01 For Stellar Profits.

Will Shiba Inu (SHIB) hit a new all-time high this bull run?

Shiba Inu (SHIB) had an explosive run in the last few weeks. Despite a 12% correction in the daily charts, SHIB is still up by nearly 134% in the weekly charts, 235.4% in the 14-day charts, and almost 264% over the previous month. Moreover, SHIB’s price has increased by 191.9% since March 2023.

While Shiba Inu’s (SHIB) performance in 2023 was somewhat lackluster, many SHIB investors anticipate the asset to hit a new all-time high during this bull run. The asset is currently down by 63.3% from its peak of $0.00008616, which it attained in October 2021.

Also Read: Shiba Inu Gets Closer to Dogecoin’s Market Cap: Can SHIB Flip DOGE?

With BTC briefly hitting a new peak a few days ago, analysts anticipate the crypto market to rally again, fuelled by BTC’s halving in April.