Some crypto analysts have predicted that Elon Musk, the world’s richest person, was secretly shilling on the coin. In an X post, Chandler Bing, noted that Musk’s social media activity was supportive of the coin.
In another post, he said that Musk’s behavior mirrored what he did for Dogecoin in 2020 when he started liking and retweeting memes. He then went public on his support for $DOGE in 2021, sending it to a record high. This year, the coin has soared after he was appointed to lead the Department of Government Efficiency (DOGE).
Still, Musk, who has a net worth of almost $350 billion, has not declared publicly that he supports the coin, making Bing’s X posts largely hypotheticals. Musk has publicly declared that he owns just Bitcoin and Dogecoin.However, the value of $PEPE would likely go parabolic if he came out in support of it because of his influence and the fact that millions of people look up to him. Just recently, most Musk-themed coins like Dogelon Mars and the Department of Government Efficiency have all jumped.
