Elon Musk recently stirred excitement in the cryptocurrency community by sharing a tweet featuring Pepe the Frog, a beloved internet meme that inspired the PEPE token. This tweet led to a significant surge in the price of PEPE, with an initial increase of over 23% and a sustained rise of 13% over the last 24 hours. Musk's post once again highlighted his influence on meme coins, as similar past tweets had sparked massive price movements in tokens like Dogecoin and Milady's meme coin.
This development also attracted significant attention from large investors, often referred to as "crypto whales," who began buying substantial amounts of PEPE, further boosting its market momentum. Despite the initial spike, such moves often bring volatility, so investors should proceed with caution when engaging with such assets.
