Elon Musk and his influence on the meme coin market

Elon Musk is one of the most influential figures in the cryptocurrency world, especially with meme coins like Dogecoin, Floki, or PEPE.

With just one tweet, a meme image, or a casual mention, he can cause the prices of these coins to skyrocket in a short time. However, the market also often experiences significant fluctuations afterward, causing many retail investors to easily fall into the FOMO effect and face risks.

Although Elon has never publicly announced his holdings or trading of meme coins, his presence always creates a wave of interest and debate within the crypto community.