Elon Musk breaks the internet with Shiba Inu video, here’s how Dogecoin and SHIB meme coins react

Elon Musk, the eccentric billionaire behind Tesla and SpaceX, posted a clip of his Shiba Inu late at night time — a brief, AI-generated video of the canine wandering down a slim hallway with a small banjo strapped to its paw — and, as anticipated, it immediately flooded each crypto feed. As a result of something remotely associated to Mr. Musk and the canine tends to dominate the dialogue, even when the market itself has little interest in reacting to it.

Dogecoin, which is normally the primary to indicate indicators of Musk-related affect, did not even blink this time. The worth remained locked close to $0.158, persevering with to maneuver alongside the identical intraday trajectory it had been following for hours, with no pullbacks, no breaks, and no adjustments in quantity. There was nothing to recommend that the clip was essential to merchants who had been already coping with a common cooldown throughout the meme sector.

The Shiba Inu (SHIB) was no exception. The token remained at round $0.000009, drifting downwards, and never displaying any candlesticks that could possibly be fairly related to what seems on Masks’s timeline. This can be a huge distinction to the reflexive habits Token has proven prior to now.

What about FLOKI meme cash?

“FLOKI,” as Musk in the end named his Shiba Inu, matched a sample of early weak spot, routine touches to intraday lows, and a modest restoration that tracked broader small-cap shares quite than exterior catalysts, confirming that the Shiba Inu movies functioned strictly as leisure quite than market enter.

So, regardless that the video dominated feeds for some time and brought on the same old reactions, nothing appeared in the marketplace and the meme coin title continued to observe the identical route it was already heading earlier than Musk posted it.