Shiba Inu Lead Reacts to Elon Musk Meme Endorsement

Shiba Inu lead developer Shytoshi Kusama recently reacted to a past remark from billionaire Elon Musk, endorsing the importance of the meme culture.

In a recent post on X, Kusama spotlighted a remark made by Tesla CEO Elon Musk. Notably, Musk declared in June 2020 that whoever has mastery of memes would control the universe, a lighthearted comment aimed at endorsing the significance of the meme culture in online interactions.

Shiba Inu Lead Reacts to Elon Musk’s Post

Nearly four years after this post, Kusama’s attention was called to the remark, triggering a reaction from the lead Shiba Inu developer. Kusama’s response came today as a GIF with which he conveyed the word “Soon.”

#SHIBARMY https://t.co/7mjrZaoOiV pic.twitter.com/at4sCX5aIh

— Shytoshi Kusama™ (@ShytoshiKusama) March 9, 2024

The developer failed to provide more context on what he expects to happen soon, but given the context, speculation suggests he could be referring to upcoming pivotal developments in the Shiba Inu ecosystem, which he expects to help Shiba Inu push to greater heights.

For context, the ecosystem team has continued to push for multiple projects and products. One such project is SHIB Names, the product of a collaboration between the Shiba Inu ecosystem and D3 Global, which aims to allow Shiba Inu proponents procure custom .shib domain names.

The ecosystem team has also inked partnerships with other projects to bolster adoption. For instance, the team secured K9 Finance as an official Shiba Inu partner last month, allowing the project to become a Shibarium validator. K9 Finance is expected to help contribute to Shibarium’s TVL.

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In addition, the upcoming ecosystem tokens SHI and TREAT would boast important use cases that could contribute to Shiba Inu’s push toward more mainstream adoption and publicity. Kusama’s latest remark suggests Shiba Inu’s transformation from a meme sensation to a leading ecosystem.

The Prevalence of the Meme Culture

The meme culture remains a crucial aspect of online social interactions, helping to introduce a sense of humor and lightheartedness to the space. Notably, the culture has sieved into the finance sector, with Dogecoin (DOGE) emerging as the first meme coin in 2013.

Despite being one of the world’s richest billionaires, Elon Musk is a core fan of the meme culture, with his love for memes prompting his advocacy for Dogecoin, the largest meme coin. Shiba Inu emerged to overtake DOGE’s position, and the asset has continued in this campaign.

Notably, it briefly overtook Dogecoin in October 2021 amid the rally to the ATH of $0.00008845. However, the token lost its standing as it faced a retracement. The latest market run has renewed optimism of a potential flip. DOGE currently has a market cap of $24.2 billion, while SHIB boasts a $20.9 billion valuation.