Saudi Arabia 🇸🇦 Fueling $PEPE to $1? 🚀🐸
As of now, there is no credible evidence that Saudi Arabia or Crown Prince Mohammed bin Salman (MBS) is backing the PEPE cryptocurrency or aiming to push it to $1. PEPE, a meme coin inspired by the "Pepe the Frog" meme, was launched in April 2023 by an anonymous team and remains highly speculative and volatile.
Saudi Arabia has shown interest in the crypto space—such as appointing Mohsen AlZahrani to lead its virtual assets and central bank digital currency program—but there’s no direct connection to PEPE.
As of March 20, 2025, PEPE is trading at approximately $0.0000080, with a market cap of around $3.36 billion. Reaching $1 would require an astronomical increase, making it highly improbable given the current supply and market conditions.
Meme coins like PEPE are driven by hype and speculation, making them risky investments. Always conduct thorough research and understand the risks before diving in.
🔥 A pump may be on the horizon—stay tuned! 🔥