🐸 What is Musk's connection to $PEPE ?
Changing his name and image on 'X' (formerly Twitter)
At the end of December 2024, Musk changed his name to 'Kekius Maximus' and his avatar became Pepe the Frog – the famous meme – wearing gladiator armor and holding a game controller.Direct impact on the meme coin market
After changing his name and image, the price of Pepe coin rose by approximately 20–30%.
The Kekius Maximus coin (a new meme coin) also saw an initial rise of over 1200% quickly.
Some reports noted a dramatic increase (up to 4800%) instantly for Kekius Maximus, before later declining.
Inflationary interaction but unofficial
There is no official or investment relationship between Musk and these coins. Musk's impact stemmed from interaction on his platform (his tweets and images), which led to selective and temporary inflation.His recurring impact on meme coins
Musk has previously effectively supported Dogecoin with tweets like 'Dogecoin is the people’s crypto', which increased its market value. Now it seems that Musk still retains his role as a major influencer in meme markets, even if he is not a direct investor.
Summary
Musk uses Pepe as a 'cultural signal' and revitalizes interest through his image and social interaction.
Pepe Coin and other meme coins benefit from short bursts of 'social excitement'.
There is currently no official or contractual connection between Musk and any meme coin based on Pepe.
If you are interested in the digital currency market related to memes, you should be cautious of price fluctuations that heavily depend on media hype and are not based on solid economic foundations. Of course, if you wish for technical analysis or to track current prices of Pepe and the immediate impact of Musk's tweets, I can assist you.
