Elon Musk Toys With Shiba Inu Fans and Bitcoin Maximalists

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Elon Musk is toying with the cryptocurrency community once again. This time, the Tesla chief is sharing the love with Shiba Inu fans while poking the bitcoin crowd. Cryptocurrency investors know the influence that Musk seemingly has on the direction of the market, and many are trying to get in his good graces.

The meme token has managed to do just that, as evidenced by one of Musk’s latest tweets. He randomly proclaimed that his “Shiba Inu will be named Floki,” seemingly in reference to the shipbuilder character on the series Vikings. The reference seems to suggest that the Shiba Inu team is building something Musk supports. The tweet amassed nearly 17K replies and 18K retweets.

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My Shiba Inu will be named Floki

— Elon Musk (@elonmusk) June 25, 2021

Love/Hate Relationship

Musk flexed his muscle in the cryptocurrency market in which he has a love/hate relationship. The SHIB token is climbing higher by almost 9% and climbing while the broader cryptocurrency market remains in the doldrums. Crypto investors either cheered Musk for the price gains or blamed him for manipulating the markets, and a variety in between.

Source: TradingView