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A crypto influencer has revived discussion around Elon Musk’s past comments on Shiba Inu holdings. The renewed attention has again raised questions about whether Musk ever held SHIB and whether his remarks affected the token’s price action at the time.
On October 24, 2021, Musk responded to a question from a social media user known as “SHIB Holder,” who asked how many Shiba Inu he owned. Musk answered, noting “None.” The reply clarified that he did not hold SHIB in his personal portfolio.
The response drew attention because Musk had already become one of the most closely watched figures in the crypto market. His posts about Dogecoin had influenced sentiment and trading activity on several occasions. As a result, many traders believed he might also have exposure to Shiba Inu, which had gained strong momentum during that period.
Musk later made his broader crypto holdings clear. He said he owned Bitcoin, Dogecoin, and Ethereum. This statement became the basis for public understanding of his digital asset portfolio and left Shiba Inu outside the list of tokens he acknowledged holding.
Elon Musk’s statement created fresh discussion in the market and appeared to contribute to a short-term pullback in SHIB. At the time of the reply, the token traded between about $0.000033 and $0.000044. Some market participants linked the brief weakness to disappointment that Musk had no involvement with the project.
However, the decline did not last long. Four days later, on October 28, 2021, Shiba Inu rose to an all-time high of $0.00008845. The move showed that Musk’s comment did not stop the token’s broader rally during one of the most active periods in the meme-coin cycle.
Since then, SHIB has retreated sharply from that record level. The token now trades far below its 2021 peak, reflecting the wider downturn that followed the speculative surge in meme-themed cryptocurrencies. Even so, the asset remains one of the most recognized names in the sector, which helps explain why Musk’s old statement still returns to market discussion.
Musk’s relationship with Dogecoin has remained an important part of the Shiba Inu narrative. His repeated references to DOGE helped strengthen his image as one of the token’s most influential public supporters. This connection also led many traders to wonder whether he might eventually show similar interest in SHIB.
Business decisions added to that perception. SpaceX accepted Dogecoin for select merchandise, reinforcing Musk’s close link to the token. In contrast, he has not offered similar public support for Shiba Inu. His comments and actions have continued to place Dogecoin at the center of his meme-coin association.
The Shiba Inu community has made several attempts to attract Musk’s attention over time. Developers and supporters have highlighted ecosystem developments and broader plans in hopes of securing recognition. Those efforts have not changed Musk’s stance. He has remained silent on the project and has not indicated any ownership of SHIB.
The main takeaway remains unchanged. Elon Musk addressed Shiba Inu ownership rumors directly in 2021 and said he owned none of the tokens. He identified Bitcoin, Dogecoin, and Ethereum as the cryptocurrencies in his portfolio, and that statement still defines his public position on SHIB.
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