Shiba Inu crypto price plummets 27% after Elon Musk says he holds none

The price of Dogecoin cryptocurrency competitor Shiba Inu has only skyrocketed for the last couple of weeks, but now Elon Musk pulled the price of Shiba Inu down by 27% with a single tweet.

Musk was asked by @ShibaInuHodler on Twitter if he had any Shiba Inu himself, to which Musk simply tweeted back "none" and the price of Shiba Inu started to drop. $shib dropped from $0.000004484 to around $0.00003823 at the time of writing -- but the price of Shiba Inu dipped right down into $0.00003472 after Musk's tweet.

I mean sure, Shiba Inu has dropped post-tweet from Musk but the crypto is up a freaking insane amount over the last few weeks, months, and year. Shiba Inu is still at beyond all-time-high price, after skyrocketing from $0.000006905 in May 2021 to $0.00003823 at the time of writing -- a 35,000,000% increase.

• Read more: Shiba Inu crypto skyrockets 27,000,000% in 1 year, thanks to Elon Musk

There are some Shiba Inu holders that aren't happy with Musk's tweet, that's for sure.