SHIB's price soared more than tenfold during October 2021, moving it into the top 10 of all cryptocurrencies. As a result, it attracted a great deal of interest from traders and garnered considerable media attention. Secondly, Tesla founder Elon Musk tweeted a picture of his new Shiba Inu puppy Floki in the first week of October, generating significant retail investment in the meme token. In addition, crypto investors were enthused by the launch of Shiba Inu NFTs, as well as unconfirmed rumors that SHIB would be listed on popular stock and crypto trading app Robinhood.