Hey there, crypto enthusiasts! If you're anything like me, you've probably seen Elon Musk's tweets send meme coin prices to the moon—or crashing back to Earth. Recently, BSC News dropped a tweet that's got everyone buzzing: a deep dive into Elon's top crypto assets, promising to cut through the hype and get to the facts. Let's unpack this and focus on the meme token angle, since that's our jam here at Meme Insider.

Why Elon Musk Matters in the Meme Coin World

Elon Musk isn't just the CEO of Tesla and SpaceX; he's a crypto influencer extraordinaire. His tweets can spark massive rallies or dips, making him a key figure for anyone tracking meme tokens. The BSC News article highlighted in the tweet analyzes five cryptos linked to Elon, but we'll zoom in on the meme ones: Dogecoin (DOGE), Baby Doge Coin (BabyDoge), and Shiba Inu (SHIB). These are the fun, community-driven tokens that often ride on hype, and Elon's involvement—or lack thereof—can make all the difference.

Musk's influence isn't just talk. Back in 2021, his "Dogecoin is the people's crypto" tweet helped solidify DOGE as a household name. But as the article points out, not every mention means he owns or endorses it. That's where separating myth from reality comes in handy for smart investing.

Dogecoin: The People's Crypto and Elon's True Favorite

Let's start with the big dog—Dogecoin. Born as a parody of Bitcoin in 2013, DOGE has low fees and a massive community, making it perfect for tipping and fun transactions. Elon has openly called it his favorite, and he actually owns some. Tesla even accepts DOGE for merch, and SpaceX planned a DOGE-funded satellite mission (though it's been delayed).

Key fact: In February 2021, Elon's tweet labeling DOGE as "the future currency of Earth" caused a 50% price jump. But watch out—his SNL appearance later that year, where he joked it was a "hustle," led to a 30% drop. If you're into meme coins, DOGE shows how real utility (like payments) plus celebrity buzz can create lasting value.

Shiba Inu: Hype from a Misunderstanding?

Shiba Inu, or SHIB, exploded in popularity partly due to speculation around Elon. People thought his posts about his Shiba Inu puppy meant he was endorsing the token. Spoiler: He wasn't. Musk straight-up tweeted in October 2021 that he doesn't own any SHIB—his holdings are limited to Bitcoin, Ethereum, and Dogecoin.

Despite the myth, SHIB has built its own ecosystem with DeFi tools and NFTs. It's a classic meme coin story: Community-driven, with a huge supply that makes it volatile. The article warns against betting on rumored endorsements—always check the facts, folks!

Baby Doge Coin: A One-Tweet Wonder?

Baby Doge Coin spun off from DOGE in 2021, adding a deflationary twist by burning tokens on transactions. Elon mentioned it once in a July 2021 tweet: "Baby Doge, doo, doo, doo, doo, doo." That single post caused a nearly 100% price surge! But that's it—no ownership, no further shouts.

This highlights a common meme coin pitfall: One viral moment can pump prices, but without ongoing support or real development, it might fizzle. BabyDoge aims for charity and animal welfare, which adds a feel-good factor, but it's still high-risk.

Beyond Meme Coins: Elon's Broader Crypto Portfolio

While we're meme-focused, the article also covers Elon's confirmed holdings in Bitcoin and Ethereum. He owns both personally, and Tesla holds over 11,500 BTC (worth about $1.26 billion as of July 2025). Ethereum gets props for NFTs and DeFi, but Elon critiques its high fees.

Interestingly, Musk has faced lawsuits over alleged DOGE manipulation, though they were dismissed in 2024. His advice? "Don't bet the farm on crypto!" Smart words for any meme token trader.

Lessons for Meme Token Investors

Wrapping this up, the BSC News piece (via their tweet) is a solid reminder to DYOR—do your own research. Elon Musk's crypto ties, especially to meme coins, show how influence can drive markets, but hype isn't everything. Stick to fundamentals, watch for real endorsements, and diversify.

If you're building your meme portfolio, start with established ones like DOGE, but keep an eye on emerging plays. What do you think—will Elon tweet about a new meme coin soon? Drop your thoughts in the comments, and stay tuned to Meme Insider for more blockchain insights!