[Blockchain Today Reporter Lee Ji-eun] Tesla CEO Elon Musk announced that he did not own the Shiba Inu Coin, and the Shibainu Coin, which had been on an upward trend, fell.
On the 24th (local time), Musk answered “no” to a Twitter user’s question, “Do you own Shiba Inu Coin?” “Currently, I only have three coins: Bitcoin, Ethereum and Dogecoin. That’s it,” he said.
As the news spread, the Shiba Inu Coin plummeted more than 15% from its highs. As of 2:45 pm (Korea time) on the 25th, the Shiba Inu coin is at $0.00004041, up 11,89% from 24 hours ago. Earlier, the coin soared more than 30% and reached an all-time high of $0.00004432.
As the Shiba Inu coin plummeted, its market cap also dropped from 12th to 13th. The current market cap of Shiba Inu Coin is about $15.9 billion. Shibainu Coin is a coin created by an anonymous cryptocurrency expert last year, and the website mentions that it is aiming for a decentralized meme token.
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