Elon Musk launched the cryptocurrency Shiba Inu to the largest market capitalization in the world after publishing a photo of his dog. Now the meme token began to fall when the billionaire announced that he did not own Shiba Inu, Bloomberg writes.
Over the weekend, Musk, who has repeatedly expressed support for Dogecoin and frequently commented on cryptocurrencies, revealed in response to a question from a Twitter user that he did not own Shiba Inu. He added that he bought Bitcoin, Ether and Dogecoin. And after reaching a peak of $ 0.00004432 on Saturday, the cryptocurrency went down and erased up to 15 percent of its value. Dogecoin rose by about 10%.
The token, inspired by Japanese breed dogs, has risen more than 400 percent in the last 30 days and reached 11th place in market value.
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