I still remember when Elon Musk came out publicly with Dogecoin at the end of 2020. It was a move no one expected, and the market literally went crazy. A simple meme coin inspired by a Shiba Inu, and he turned it into a global phenomenon.

The movement was insane. DOGE went from $0.002 in November 2020 to $0.73 in May 2021. In six months, a 36,500% increase. People who had invested a few hundred dollars found themselves with portfolios worth thousands. Elon kept tweeting about DOGE, calling it "the people's coin," and even appeared on Saturday Night Live with a sketch titled "The Dogefather." All of this attracted millions of new investors into crypto.

But while Elon Musk was pumping DOGE, a serious rival was emerging in the meme coin sector: Shiba Inu. The SHIB community grew wildly, and the token surged by 85 million percent between 2020 and 2021. It was the real battle of the era, DOGE versus SHIB, and fans of both were clashing on social media.

At some point, people started asking: Did Elon Musk also invest in Shiba Inu? Some even speculated that he might be the founder of SHIB. A user tagged Elon directly on X, asking how many SHIB tokens he owned. The answer was surprisingly straightforward: "No." So, with a single word, Tesla’s CEO confirmed that his wallet only contained Dogecoin, Bitcoin, and Ethereum. No Shiba Inu, no other cryptocurrencies. Just those three.

It remains one of the most interesting moments of that season, when Elon Musk clearly stated what he owned and what he didn’t in the world of meme coins. DOGE remained his main choice, while SHIB stayed the competitor he would never support.