Elon Musk’s ‘To The Moon’ meme causes a ruckus among Shiba Inus.

A recent tweet from Tesla Inc
CEO Elon Musk may have been the reason for a sharp rise in the price of Shiba Inu SHIB as per several prominent members of the cryptocurrency community.

What Happened: The price of Shiba Inu shot up as much as 22% after a tweet from Musk, with some observers stating that the price increase was down to the fact that the figure in Tesla CEO’s tweet looks like the meme coin’s mascot holding a rocket.