The fully-diluted market cap has plummeted at the same rate to $28,180,102,127 (£20,709,697,953).

The last time the coin came close to this value was over the weekend when it dipped to $0.00002846 (£0.000021).

But despite the less than positive direction the token is taking, it doesn’t appear to be in the midst of collapse.

SHIB’s value has fluctuated for the last week but appears to have readjusted since Elon Musk’s tweet.