Can Elon Musk Save PEPE? Markets Heat Up Following Recent Tweet !!

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Elon Musk shared an image of Pepe the Frog on X, showing the meme character lighting a cigarette and looking worn out. The post quickly gained traction across crypto communities. Holders of tokens like PEPE, BabyDoge, and WIF jumped in, sharing mascot replies. Some users also tied the post’s timing to SpaceX’s Starship explosion in Texas, though no direct link was confirmed.

Whatever the reason, the tweet has brought renewed focus to PEPE, a meme token that’s been struggling to hold a key support level.

PEPE Tests Support After 8% Drop

PEPE is trading around $0.000008743 after dropping 9.1% in the last 24 hours. Market watchers believe the coin could retest the $0.0000101 level, with a possible move to $0.000012 if sentiment improves. Right now, price action is forming a bullish flag pattern on the 8-hour chart—a structure often seen before upward continuation.

The lower end of this pattern is acting as support. If it holds, buyers may step back in. But if it breaks, the recent rally could lose steam. PEPE’s current structure has traders split, with some calling this a setup for a rebound, while others are watching for more volume confirmation before making moves.

PEPETO Draws Buyers with Practical Tools

As PEPE trades sideways, a fresh contender is making waves. PEPETO, a new meme coin project, has raised more than $5.45 million in presale. Its current price stands at $0.000000136, and interest is growing fast. Unlike many meme coins, Pepeto adds actual functionality, making it a top pick for those searching for the best meme coin to buy.

The project includes a working cross-chain bridge, a zero-fee exchange, and audited smart contracts. It also offers up to 280% in staking rewards, a system meant to promote holding rather than early selling. This approach is helping Pepeto stand out from meme tokens driven solely by hype.$PEPE