Shytoshi Kusama, the lead developer of #shiba⚡ Inu, has reacted to a recent tweet from Elon Musk that subtly references SHIB, contributing to the token’s rise to a nine-month high.

This weekend, billionaire Elon Musk sparked new optimism in the meme coin market by making several references to meme-inspired tokens such as Shiba Inu, Dogecoin, and BABYDOGE.

It all started with a post in which Musk shared an image of him carrying a boy on his shoulder, captioning it “DOGE” and “DOGE Junior.” In a follow-up post, Musk shared the image again, this time labeling himself as the “Dogefather” and the boy as “Dogeson.”

Crypto market participants quickly took note of Musk’s mentions. Dogecoin, Musk’s favorite meme coin, saw a 10% gain shortly after, reaching a price of $0.46.

Meanwhile, the meme coin BABYDOGE experienced an even more pronounced effect from Musk’s subtle endorsement. The token surged by 195% and has continued to hold those gains despite the broader pullback.

Elon Musk Posts a Shiba Inu, Lead Developer Reacts

Shiba Inu also benefited from Elon Musk’s influence. Specifically, Musk also shared an image of a giant Shiba Inu dog depicted as a dust storm overtaking a city. The image is widely interpreted as a reference to the Shiba Inu cryptocurrency, given the iconic mascot.

Musk’s post has reignited interest and enthusiasm within the Shiba Inu community, with the lead developer of the ecosystem acknowledging the tweet.

Furthermore, Shiba Inu community members flooded Musk’s post with the community’s signature “Woof” in excitement. Key community figures, such as administrator RagnarShib, remarked, “Shiba Inu is unstoppable.”

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