Frog-themed cryptocurrency PEPE has increased by 16% in the last 24 hours.$PEPE 
rose from lows of $0.00001767 to highs of $0.0000214 during today’s session, posting a significant green candle.
The increase in PEPE’s price coincides with tech billionaire Elon Musk’s recent social media activity. Musk, known for his significant influence on the cryptocurrency market, changed his Twitter name to “Kekius Maximus,” drawing the attention of the online crypto community.
The Tesla CEO has replaced his profile picture with the popular "Pepe the Frog" meme. In the new image, the Pepe character is seen holding a joystick. The Kekius Maximus character is based on a little-known meme that combines the popular Pepe the Frog figure with the movie character Maximus from Gladiator.
The official PEPE coin X account responded by tagging Tesla CEO: "Here we go Elon Musk."
Although Musk did not directly reference PEPE, the timing of his name change to X coincides with PEPE's rally.
🔸 Two reasons for the increase in PEPE
Musk’s actions often have a profound impact on the market, and this time is no exception. The association with Pepe the Frog, a well-known internet meme, led to an increase in buying activity for PEPE, which pushed the price up by more than 16%.
Another reason that may have contributed to PEPE’s price increase is its high level of social media engagement. According to LunarCrush, a platform that tracks social media activity for cryptocurrencies, PEPE is among the few cryptocurrencies experiencing a substantial increase in social mentions.
PEPE is up 18% in the last 24 hours to $0.00002077, and it is up 10% weekly at the time of writing. PEPE started to rise from lows of $0.0000174 on December 30 to reach intraday highs of $0.0000214 during today’s trading session.
According to data from CoinGecko, PEPE has increased by 1.467% year-on-year, reaching an all-time high of $0.00002825 on December 9. The frog-themed cryptocurrency is currently down 26.41% from that peak.
