🐸 $PEPE Makes a Splash — Is a Meme Coin Comeback Brewing?

Crypto traders were abuzz after US President Donald Trump’s May 29 Truth Social post. Some users spotted what they believed was a subtle nod to the Pepe meme coin.

PEPE jumped 5% in the three hours following the post, before sliding 15%. Now, traders are watching closely to see if this kind of social signal can replicate the viral success Elon Musk brought to $Dogecoin .

Pepe Price Moves

Market data shows PEPE hit a resistance level shortly after Trump’s post. The coin saw a quick 5% rally, but profit-taking and broader market pressure pushed it down by 18%.

The swift reversal highlights how fast sentiment shifts in the meme-coin space. A single post or tweet can drive prices sharply higher, while minor selling pressure can trigger steep drops