It's only for doge and this time shiba just follows doge. Can you expect hundreds of meme tokens that are still alive other than doge and shiba will be doing the same like that even without the support from the billionaire? that's an impossible thing to happen. How lucky shiba inu is being mentioned by elon and the community gives a positive reaction. If elon was not mentioning it the result will be totally different from this time.
There must always be a reason why it was increasing a lot. The value of meme token didn't come from its own value.

I just wanna remind you that if this was conditional. it's not all of meme tokens will be doing the same as doge coin. I see that thousands of meme tokens were dead from time to the time. Doge backed by billionaire and it's a different case. People will not buy in when elon didn't reveal that if he has bought doge coin. People are following the trend. All of these popular meme tokens become big due to the hype. They were meme tokens where they just getting started.