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Billionaire entrepreneur Elon Musk addressed a question about how many #Shiba Inu tokens he holds in his crypto portfolio.
A widely followed crypto influencer resurfaced a comment regarding Musk’s likely SHIB holdings. The post attempted to suggest that Musk’s comment had negatively impacted the Shiba Inu price.
Key Points
Elon Musk in 2021 said he holds no Shiba Inu tokens.He revealed that he owns only Bitcoin, Dogecoin, and Ethereum.The billionaire has consistently snubbed Shiba Inu despite the ecosystem’s efforts to get his attention.Despite maintaining his distance from Shiba Inu, he has remained closely associated with its rival, Dogecoin.
Elon Musk Confirms Not Owning Any Shiba Inu
On October 24, 2021, Musk responded to a popular community figure known as “SHIB Holder,” who asked how many Shiba Inu he owned. Musk replied that he did not own any Shiba Inu tokens, ending speculation that he might have accumulated SHIB behind the scenes.

Notably, the question emerged because Musk had already become a prominent supporter of Dogecoin. His frequent posts about the meme coin significantly influenced its popularity and price movements.
In addition, his company, SpaceX, enabled Dogecoin payments for select merchandise, further strengthening his association with the asset.
Given this close relationship with Dogecoin, many crypto enthusiasts wondered whether Musk had also invested in Shiba Inu, which was gaining traction at the time. However, his response made clear that he held no SHIB.
Shiba Inu Still Reached an ATH
Although Musk’s statement triggered a brief pullback in SHIB’s price, it did little to slow the token’s momentum. At the time of the exchange, SHIB traded between $0.000033 and $0.000044.
However, just four days later, on October 28, 2021, the token surged to an all-time high of $0.00008845. Since then, Shiba Inu has fallen sharply from its peak and currently trades about 93.55% below that record level, around $0.000005703.
Musk Ignores Shiba Inu Team
Since that interaction, Musk has largely avoided engaging with members of the Shiba Inu community. Nonetheless, the project’s developers and supporters have repeatedly attempted to attract his attention.
For instance, Shiba Inu lead developer Shytoshi Kusama proposed the Strategic Hub for Innovation in Blockchain (S.H.I.B.), suggesting it could contribute to initiatives linked to Donald Trump’s administration. The proposal followed Musk’s planned launch of the Department of Government Efficiency.
Additionally, the Shiba Inu team highlighted several ecosystem achievements in hopes of securing Musk’s recognition or endorsement. Supporters believe that if Musk backed SHIB the same way he supports Dogecoin, it could trigger significant market momentum.
So far, Musk has remained silent on those efforts and continues to distance himself from the Shiba Inu project. Nonetheless, he has confirmed that he holds a few cryptocurrencies in his personal portfolio, including Dogecoin, Ethereum, and Bitcoin.
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#Solana price action looks defensive, while an analyst says a possible downside setup is developing. What’s next?
Solana’s (SOL) daily chart shows a market that is active but not convincingly strong. SOL trades at $85.94, down 0.8% over 24 hours, after moving between $85.23 and $88.54. The key signal is not the small daily loss, but the failed intraday structure. 
Price rallied sharply toward the upper end of the range, then lost momentum and faded back toward $86. That pattern often suggests overhead supply is still heavy, with sellers using strength to exit rather than buyers building a clean breakout. 
At the same time, SOL lost by 5.4% over 14 days, although it remains down 30.2% over one year. Was the recent Solana bounce a bull-trap inside a damaged longer-term structure?
Solana Price Analysis
The daily TradingView setup points to a market that remains technically defensive. SOL trades at $85.43, while the Supertrend sits much higher at $93.76. This means the indicator still signals a bearish trend, and the price has not yet regained the level needed to suggest a stronger reversal. 

The chart also shows SOL moving sideways after a steep February breakdown, which usually reflects stabilization rather than confirmed recovery. In practical terms, the recent candles suggest support is forming in the low-to-mid $80 region, but the structure still looks like a pause beneath resistance, not a breakout through it.
The RSI adds a cautious but useful nuance. At 47.01, with the RSI moving above its signal line near 45.54, momentum has improved from oversold conditions without becoming bullish enough to confirm trend control. That matters because it shows selling pressure has cooled, yet buyers still lack dominance. 
Solana Setting up for Downside?
Meanwhile, More Crypto Online’s 15-minute Solana chart suggests the recent rebound may be losing strength and setting up for another leg lower. The analyst marks a possible bearish 1-2 Elliott Wave structure, with price stalling below a key resistance cluster between roughly $86.45 and $87.95. 

If this 1-2 setup remains valid, the implication is that Solana could begin a fresh impulsive decline. The chart projects lower support targets in the broad $79 to $74 area.
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The Royal Government of Bhutan moved 175 #Bitcoin on Monday, a transfer valued at about $11.85 million.
Blockchain tracking by Arkham Intelligence shows the transaction is part of a broader pattern of crypto movements this year. With this latest transfer, Bhutan’s total Bitcoin outflows in 2026 have reached roughly $42.5 million.
Key Points
Bhutan transferred 175 Bitcoin (~$11.85M) on Monday, bringing total Bitcoin outflows for 2026 to $42.5M.As of this writing, Druk Holding & Investments, the sovereign wealth fund, manages around 5,400 Bitcoin (~$374M).Bhutan largely sources its Bitcoin from domestic mining powered by hydroelectric energy.Last July, Bhutan transferred over $60 million in Bitcoin. Its total reserves of more than 11,000 coins, worth $1.4 billion, represented over 40% of GDP at the time.

Sovereign Wealth Fund Oversees Digital Assets
Bhutan’s cryptocurrency reserves are managed by Druk Holding & Investments, the country’s sovereign wealth fund. Specifically, the institution oversees national investments and has played a central role in building Bhutan’s digital asset portfolio.
Current estimates indicate the fund holds around 5,400 Bitcoin. Based on recent market prices, those holdings are worth approximately $374 million.
Moreover, much of Bhutan’s Bitcoin supply comes from domestic mining operations. In fact, the country uses its hydroelectric power capacity to run these facilities, which officials describe as a sustainable approach to crypto mining.
Recent Transactions Follow a Consistent Pattern
Recent blockchain data suggests Bhutan has adopted a steady approach when moving its Bitcoin. According to Arkham Intelligence, most transactions are relatively small, typically ranging between $5 million and $10 million.
The latest transfer closely matches this pattern. In fact, it follows a similar transaction carried out roughly a month earlier.
During that earlier move, the government sold about $7 million worth of Bitcoin through the trading firm QCP Capital. However, Bhutanese authorities have not publicly explained how the proceeds from these transactions are used.

Earlier Activity Included Much Larger Transfers
While the latest transfers are modest, Bhutan has previously made significantly larger Bitcoin transfers.
Last July, the government moved more than $60 million worth of Bitcoin over four days. At that time, Bhutan’s reserves exceeded 11,000 coins. Those holdings were valued at approximately $1.4 billion. This amount represented more than 40% of Bhutan’s gross domestic product at the time.
Market Changes Affect the Value of Holdings
In addition, shifts in the broader crypto market have impacted the value of Bhutan’s reserves. Over the past year, Bitcoin’s price has declined by more than 40% from its earlier highs.
Consequently, the dollar value of Bhutan’s remaining Bitcoin holdings has decreased notably. At the latest market update, Bitcoin was trading close to $69,962. Although the price rose about 3.3% over the previous 24 hours, it remains roughly 20% lower since the beginning of the year.
Other Institutions Continue Building Bitcoin Reserves
While Bhutan has been transferring portions of its holdings, some large institutions are still increasing their exposure to Bitcoin. For instance, Strategy expanded its portfolio during the same period. Specifically, the company added 17,994 Bitcoin, bringing its total to 738,731 coins.
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Meme coins are a major driver of engagement on Binance Square. For this draft, we'll combine the "King" of memes, **Dogecoin ($DOGE)**, with the Solana fan-favorite, **dogwifhat ($WIF )**.

Since it’s March 2026, the narrative is all about the **"Meme-Utility Pivot"** and whale accumulation during the recent market dips.

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## 🐕 Meme Coin Season 2026: Why $DOGE $WIF are Primed for a Breakout! 🚀

The "dog days" are far from over! While the market waits for Bitcoin’s next move, smart money is quietly rotating back into the two heaviest hitters in the meme sector: **Dogecoin ($DOGE)** and **dogwifhat ($WIF )**. 🦴👒

### 👑 Dogecoin: The King is Accumulating

Don't let the sideways price action fool you. Recent on-chain data shows **$DOGE** whales have added over **400M tokens** to their wallets in the last 72 hours. 🐳

* **The News:** Merchant adoption is hitting record highs in 2026, with major retail chains now accepting DOGE via integrated payment processors.

* **The Target:** We are holding strong above the **$0.15** support. A push past **$0.22** could trigger a massive FOMO wave toward the **$0.50** psychological level.

### 👒 dogwifhat: The Solana Alpha

Solana's favorite dog with a hat is showing insane strength. Despite recent exchange monitoring, the **$WIF ** community is stronger than ever.

* **The News:** Rumors are circulating about a new **WIF Staking Reward** system coming to the Solana ecosystem.

* **The Target:** is $WIF currently coiling in a bullish "cup and handle" pattern. A breakout above **$0.40** could see us retesting the **$0.75** yearly highs in short order. 💎

### 🛡️ Strategy: High Risk, High Reward

Meme coins are the fastest way to grow a portfolio, but they come with volatility. My strategy? I’m holding a "moon bag" of both while the Altcoin Season Index continues to climb. 📈

**Which dog are you betting on? Team $DOGE 🐕 or Team $WIF 👒? Let me know in the comments! 👇**

#DOGE #memecoins #Solana #Write2Earn #CryptoNewsCommunity

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