Elon Musk's tweets about Pepe Coin have significantly impacted its price. Here are some recent developments ¹ ² ³:
- *14% Price Surge*: After Musk retweeted an image of Pepe the Frog dressed like a Roman general from the movie Gladiator II, PEPE's price jumped 14% in 24 hours, trading at $0.00002459.
- *54% Price Increase*: In May 2023, Musk shared a meme featuring Pepe the Frog, causing PEPE's price to surge 54.7% in a short period.
- *12% Surge*: When Musk changed his Twitter avatar to Pepe the Frog and rebranded his X handle to "Kekius Maximus," PEPE's price surged 12% within two hours.
Musk's influence on the crypto market, particularly with meme coins like PEPE, is substantial. His tweets often provoke price surges and attract new investors. Other notable effects of Musk's tweets include ³:
- *Whale Activity*: After Musk's tweets, whales have been buying large chunks of PEPE, with some making significant profits.
- *Community Engagement*: Musk's tweets spark heated responses and engagement from the PEPE community, with fans creating AI-generated images and memes.
- *Market Trends*: PEPE's price movements often reflect broader market trends, with the coin experiencing volatility and growth alongside other meme coins like Dogecoin and Shiba Inu.#xrpetf #BTCvsMarkets #SaylorBTCPurchase $BTC