Elon Musk does not invest in SHIBA INU. Despite the fact that Elon Musk often posts photos of Shiba Inu dogs on his Twitter, he stated that does not own SHIB tokens. One of the supporters of the Shiba Inu cryptocurrency asked Musk "how much SHIB he holds." "Not at all," replied the head of Tesla. Because of this news the price of meme cryptocurrency has fallen by more than 20%. Elon Musk also denied the statements of the Dogecoin Foundation about the involvement of the head of his family investment firm, Jared Birchall, in it.
Nevertheless, Shiba Inu has recovered after it as shiba inu has built its loyal community.