Anthony Pompliano Renames Shiba Inu ‘Dog Poo Poo’ Following a Massive Price Increase

Shiba Inu (SHIB) has been dubbed ‘dog poo poo’ by Anthony Pompliano in a scathing assault on the meme coin. The doge coins price has soared by 85,588,226 percent this year, but Pompliano remains unconvinced. The outspoken entrepreneur revealed on October 28th’s ‘The Best Business Show’ podcast that he would not be investing in the currency.

Pompliano’s comment came in response to a tweet by business news site Morning Brew revealing that one investor had grown an $8,000 SHIB investment to $5.7 billion in only 400 days. Morning Brew seems to have enraged Pompliano by referring to it as ‘the biggest individual transaction of all time.’

“There is simply NO motive for someone to own a Shiba Inu other than the possibility that its value would increase as a result of other people purchasing it,” Pompliano said. “There is no development activity, no underlying value… This is dog feces!

“Yes, someone purchased $8,000 and converted it into $5.7 billion, but if you were to sell that $5.7 billion of Shiba Inu, the price would plummet so precipitously that I would doubt you could get a billion out.”

Pompliano continued by equating meme coin trading to gambling, which involves betting everything on red or black at the roulette wheel or playing blackjack and calling hits until you win or go broke. Regarding the idea of investing $1,000 in each prospective dogecoin project in the hope of striking gold, he was extremely candid in his assessment. “This is not a plan for investing,” he said.

Prices that are perplexing for everyone

While dogecoin trading may seem perplexing to the more degenerate sectors of the crypto sphere, the past 48 hours have seen increased uncertainty among dogecoin owners. Shiba Inu (SHIB) investors are now being caught off guard by a bug on the price statistics website CoinMarketCap, while Baby Floki Billionaire (BABYFB) investors are also seeing glitched price action.

In the instance of Shiba Inu, the CoinMarketCap error has increased the circulating quantity of SHIB by 200 trillion, potentially reducing the token’s price and enraged the Shiba Inu community. The Shiba Inu team’s information indicates that CoinMarketCap is attributing the issue to an infrastructure move that their technical team is now doing.

While Shiba Inu devotees lament one malfunction, another has skyrocketed the price of Baby Floki Billionaire to unbelievable new heights. According to CoinGecko, the token is worth just $0.000000004580, however, BscScan values it at a significantly higher $5.92.

While the malfunction seems to have transformed Baby Floki Billionaire holders into billionaires in an instant, it’s a case of good news/bad news for the newly wealthy, since buyers for the price-inflated tokens are few. While the bigger fool principle may govern the dogecoin market, it seems that there are no crypto owners furious enough to bite at current rates.

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