PAC Protocol President David Gokhshtein, who is also known for his identity as an American politician, emphasized that Dogecoin rival Shiba Inu (SHIB) made ATH without receiving support from Elon Musk tweets and that he was able to survive despite Musk tweets.
SHIB unharmed from today’s Elon Musk tweet
In his latest tweet, the PAC CEO emphasized that the Shiba Inu price made ATH without support from Elon Musk tweets. Gokhshtein also said that Musk’s tweet published on Sunday did not harm SHIB and that the crypto project should create real value by providing “goods and services to people”. According to Gokhshtein, if Musk had tweeted the same for Dogecoin, the market would most likely be writing a different story.
The CEO of PAC Protocol tweeted that it was reached by SHIB without being listed on the Robinhood app:
SHIB did this without Elon. That’s why I don’t believe the project will suffer from what Elon said today. If Elon had said this about DOGE, it would have been a different story. Elon needs to calm down and help him enlarge the space in general.
Shiba Inu dropped after Musk’s tweet
Dubbed the “Dogecoin killer” among the crypto community, the Shiba Inu collapsed after Elon Musk denied it in his tweet. After the Shiba Inu price hit its ATH of $0.00004442 on Sunday, October 24, the Tesla CEO tweeted “anti-SHIB” on the same day, and the SHIB price fell nearly 14% to $0.00003472. However, later on, the notorious meme coin managed to recover to the $0.0004 level.
Meanwhile, SHIB became the third most traded cryptocurrency after Bitcoin and USDT. It even surpassed Ethereum and became the most traded altcoin on Coinbase.