The Explosion and the “Elon Musk Effect” (Mid-to-Late 2021)
Listings on Exchanges: As trading volume grew thanks to decentralized platforms like Uniswap, major centralized exchanges began to take notice of the massive interest from retail investors. In September 2021, Coinbase listed SHIB, making it widely accessible to millions of new investors.
Social Media Support: Like Dogecoin, SHIB received a major boost from internet culture and Elon Musk’s tweets (although Musk later clarified that he personally did not own any SHIB tokens, his posts about puppies of that breed often sent the price soaring).
The All-Time High (ATH): Between September and October 2021, SHIB experienced a historic bull run, rising more than 1,000% in just a few weeks. This catapulted it into the top 10 cryptocurrencies by market capitalization, briefly surpassing established giants and turning many early investors into millionaires with very small initial investments
Listings on Exchanges: As trading volume grew thanks to decentralized platforms like Uniswap, major centralized exchanges began to take notice of the massive interest from retail investors. In September 2021, Coinbase listed SHIB, making it widely accessible to millions of new investors.
Social Media Support: Like Dogecoin, SHIB received a major boost from internet culture and Elon Musk’s tweets (although Musk later clarified that he personally did not own any SHIB tokens, his posts about puppies of that breed often sent the price soaring).
The All-Time High (ATH): Between September and October 2021, SHIB experienced a historic bull run, rising more than 1,000% in just a few weeks. This catapulted it into the top 10 cryptocurrencies by market capitalization, briefly surpassing established giants and turning many early investors into millionaires with very small initial investments