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Elon Musk Tweet Sends Shiba Inu Coin Up 30%

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Shiba Inu
Elon Musk’s latest tweet has pumped the crypto market yet again. Credit: JD Laisca

Elon Musk’s latest tweets have rocked the crypto market yet again. The 50-year-old CEO of Tesla shot the Shiba Inu coin up by 30% after posting pictures of his dog, Loki.

Loki is the same breed of dog as the coin’s namesake–Shiba Inu– and has been known to drum up activity in the crypto market ever since Musk announced that he had adopted him.

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Loki and the Shiba Inu breed are linked to dog-themed tokens that became highly popular after Musk spearheaded the success of the “meme” token Dogecoin.

The burst of attention Musk has directed towards the Shiba Inu coin has launched it into a top 20 spot in the current cryptocurrency rankings. The rankings are determined by market capitalization, and Shiba Inu has reached an astonishing $10 billion in just…

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