Elon Musk has once again drawn the attention of the crypto community with his recent tweet, in which he shared an image of a frog — the symbol of the meme cryptocurrency PEPE. This sparked a flurry of discussions and speculations about a potential rise in PEPE. Some analysts even predict that PEPE could reach $0.00001050, and if this support is broken, the price could drop by another zero.

However, it is worth noting that Musk has previously warned about the risks of investing in meme coins, calling such actions 'foolish.' He emphasized that he does not advise anyone to invest their savings in Dogecoin or other meme cryptocurrencies.

Nevertheless, his influence on the market remains significant. For example, his tweet about Dogecoin led to a rise in its price, followed by a drop, highlighting the volatility associated with his statements.

In light of these events, it is wise to be cautious and not to treat Musk's tweets as investment advice. While his statements may influence short-term market fluctuations, long-term investments require deeper analysis and understanding.