Seeking Alpha
2021-10-18 19:04:52

Shiba Inu climbs 15% after Elon Musk tweets again

Elon Musk sparks yet another rally in the meme-based digital token, Shiba Inu (SHIB-USD), for the second time this month following his tweet on what appears to be a rabbit holding a rocket-ship emoji. Roughly 10 minutes after Musk sent out his tweet on Sunday evening, Shiba (SHIB-USD) rose 14% and approximately $3.8B in the token has changed hands over the past day, says The Motley Fool's Jon Quast in a blog post. The alt coin is still elevated from the tweet, up about 15% to $0.00002915, with an $11.5B market cap, according to data from CoinMarketCap. Recall that Shiba (SHIB-USD) surged nearly 370% and its market cap surpassed $13B just days after Elon Musk tweeted earlier this month. Some other alt coins including the ninth largest crypto by market cap, Dogecoin , which is also represented by a Shiba Inu, gains upside momentum. Earlier, CME sees open interest in

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