Main navigation

Obscure Cryptocurrency Jumps 300 Percent on This Elon Musk Tweet About Shiba Inu

News
Sun, 03/14/2021 - 12:33
article image
Alex Dovbnya
It might come as a surprise, but Elon Musk still doesn't own a Shiba Inu
Obscure Cryptocurrency Jumps 300 Percent on This Elon Musk Tweet About Shiba Inu
Cover image via www.facebook.com
Read U.TODAY on
Google News

Tesla CEO Elon Musk has informed his followers that he wants to buy a Shiba Inu.

This breed of hunting dogs from Japan inspired the Doge meme, which later transcended into the Dogecoin cryptocurrency that Musk has been promoting for years. 

Uniswap-listed token Shiba Inu (SHIB) jumped nearly 300 percent on the tweet from $0.00000002 to $0.00000008, with its market cap trading volume increasing to $25 million. 

6786_1
Image by coingecko.com

Dogecoin tweets have gotten a whole lot weirder

After posting Lion King-themed memes in early February, the billionaire has now switched to Al Pacino.   

The Tesla CEO has shoehorned his favorite cryptocurrency in “Dog Day Afternoon,” a popular crime movie starring the American actor, renaming it into “Doge Day Afternoon”:

The ancient Romans sacrificed a Dogecoin at the beginning of the Doge Days to appease the rage of Sirius, believing that the star was the cause of the hot, sultry weather.

Related
Elon Musk Says Coinbase Should List Dogecoin

Musk doubles down on his push to get Dogecoin listed on Coinbase

As reported by U.Today, Musk recently called on Coinbase to list Dogecoin, amplifying the voices of the cryptocurrency’s rapidly growing community.

Today, the entrepreneur has doubled down on his push to allow more retail investors to trade the cryptocurrency. This time, he says that Robinhood should enable Dogecoin transfers to get an edge over Coinbase.

Dogecoin
Image by @elonmusk
article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.