The cryptocurrency $PEPE /USDT, popularly associated with the frog meme, has seen an impressive +15.88% appreciation in the last 24 hours. This increase is directly linked to an unexpected action by Elon Musk, who changed the name of his Twitter account to “Kekius Maximus” and adopted as his profile picture the famous frog-meme associated with the crypto universe.
The context behind the appreciation
In the cryptocurrency world, the impact of influencers and public figures like Elon Musk is often felt instantly. The billionaire has previously demonstrated his influence on the market with coins like Dogecoin (DOGE). This time, his choice of name and photo has generated a massive surge in interest and trading in $PEPE Coin.
Data from Binance shows that:
• The current price of PEPE Coin is 0.00002109 USDT, a significant jump compared to previous levels.
• Trading volume in the last 24 hours reached 36.72 trillion PEPE, with a movement of 705.28 million USDT.
• The annual appreciation already exceeds an impressive 1,522.31%, consolidating the currency as one of the most sought after in the “memecoins” segment.
The role of social media and memes in the crypto market
Memes have become a powerful force in the crypto space, bridging the gap between internet humor and financial speculation. The movement driven by Musk reinforces how the market responds to cultural and viral events.
For many investors, PEPE Coin represents more than a financial asset: it symbolizes community and the power of social media to shape market narratives.
What to expect from PEPE Coin?
Despite the current euphoria, it is important to remember that memecoins are highly volatile and risky. However, events like this show how the combination of internet culture and external influences can shape the crypto market. Keeping an eye on the next steps of figures like Elon Musk can be crucial to anticipate similar moves.
Conclusion
Elon Musk’s impact on the memecoin market continues to be evident. The recent rise in value of PEPE Coin shows that the “power of memes” still dominates the crypto market, reinforcing the importance of social media and pop culture in the digital financial landscape.
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