Elon Musk, the influential figure in the world of technology and social media, is known for his significant impact on the cryptocurrency market, especially meme coins. Regarding the PEPE coin, his influence on it has often been indirect but noticeable.
Elon Musk's tweets and signals regarding the PEPE coin
Elon Musk has not explicitly tweeted the name of the "PEPE" coin directly or called for its purchase, as he did with Dogecoin in previous times. Instead, his influence on PEPE has primarily come through visual and cultural signals related to the character "Pepe the Frog", which is the foundation of this meme coin.
Here are the main ways Musk has referenced "Pepe the Frog" culture and affected the coin:
* Changing his profile picture and username on platform X (formerly Twitter): In late 2024 and early 2025, Musk changed his profile picture on X several times to show characters inspired by "Pepe the Frog". He also changed his username to "Kekius Maximus", a term associated with meme culture, including Pepe the Frog memes and "Kek" (which refers to the spirit of Pepe the Frog). These sudden changes in his profile on a platform he controls created significant buzz.
* Posting Pepe the Frog memes: Musk has posted various memes featuring Pepe the Frog character on his X account. For example, he was spotted tweeting in June 2025 showing Pepe the Frog in different contexts.
The impact of Musk’s tweets and signals on the PEPE coin
Although there is no direct and explicit support, these signals from Elon Musk have a noticeable impact on the PEPE coin:
* Increased interest and trading: Whenever Musk posts content related to "Pepe the Frog", even if he does not mention PEPE directly, the level of interest in the coin rises significantly within the cryptocurrency community. This leads to an increase in trading volume and speculation around the coin.
* Short-term price spikes: After some of his signals, the PEPE coin experienced noticeable price spikes. In some cases, the coin's price jumped by between 10% to 20% or more within hours or a few days of his tweets or profile changes. An example is what happened in early July 2025, when the coin saw a rise after one of his tweets.
* Renewing speculation and hope: Elon Musk's appearance while referencing Pepe the Frog renews hope and speculation among investors about whether PEPE will be the next meme coin to receive his strong support, similar to what happened with Dogecoin.
Notes on Musk's current impact
It is important to note that Elon Musk's influence on meme coins may have evolved over time:
* Less direct and less frenzied impact: Indirect tweets may not create the same instant crazy spikes that were seen at the peak of his previous influence, especially as the market has become more accustomed to these signals.
* Musk's loyalty to Dogecoin: Despite his interest in Pepe the Frog meme culture, his primary and more historical loyalty in the cryptocurrency world remains with Dogecoin, as he has continued to support, mention, and accept it as a means of payment in some of his businesses (such as Tesla).
In conclusion, although Elon Musk has not mentioned the PEPE coin by name in his tweets, his repeated references to the "Pepe the Frog" meme and changes to his profile on X have had a tangible and indirect impact on market interest in the coin and its market volatility.