Though the cost of Dogecoin (DOGE) surged over the weekend to surpass $0.06 once again, this time another token based on a cuddly canine benefited from the hype around Elon Musk'southward social media posts.

In a Sabbatum tweet, the Tesla CEO said he would be getting a Shiba Inu dog for his household. The dog — whose breed is native to Japan — was at the center of the popular meme from which Dogecoin took its name in 2013. The doge meme features a Shiba Inu looking into the camera with a seemingly confused expression every bit floating text represents its inner monologue.

Though Musk'south tweets have probable contributed to the price of DOGE reaching an all-time high of more than $0.08 earlier this year, the token price didn't blanch at the billionaire'southward acquisition of a new family pet. The Tesla CEO may have been joking or referring to Shiba Inu (SHIB), a unlike cryptocurrency project.

According to data from CoinGecko, the price of SHIB rose 300% in the hours following Musk'southward tweet:

Source: CoinGecko

Musk'south social media activity may be partially responsible for moving the price of DOGE in 2021. Though the Tesla CEO as well composed a serial of Dogecoin-themed tweets on Saturday, the token cost didn't take off as information technology did in early on February, having risen only 4.half-dozen% in the last 24 hours. However, the price of SHIB set a new all-time high of $0.00000008 before retreating to $0.00000005.

Musk has previously said he has "a big domestic dog chosen Gatsby, a lilliputian domestic dog called Marvin the Martian and a cat named Schrödinger." It's unclear whether the billionaire actually intends to add a Shiba Inu to his family, or if the tweet was some other try to pump the cost of certain tokens.