SHIB falls 20% as Elon Musk says he owns nothing.

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Shiba Inu (SHIB), the lately booming Dogecoin-inspired ERC-20, had a 20% pullback in two hours after Tesla (NASDAQ: TSLA) creator and potential Doge CEO Elon Musk stated on Twitter (NYSE: TWTR) that he does not own any Shiba Inu tokens.

The pullback came after SHIB surpassed its previous all-time high, reaching a local high of $0.000044 on Oct. 24 after a more than 500 percent increase since the beginning of October.

Story by : Norvisi Mawunyegah