David Gokhshtein, President of PAC Protocol, who is also known as a US 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 the Musk tweet released on Sunday did not harm SHIB and that the crypto project should create real value by providing “goods and services to the 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. So I don’t believe the project will suffer because of 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 reached its ATH of $0.00004442 on Sunday, October 24th, the same day the Tesla CEO posted the “anti-SHIB” tweet and the SHIB price fell by about 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.
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