Elon Musk Sparks Pepe and Frog-Related Meme Coins Rally

The Pepe coin surged on Tuesday, and the momentum looks likely to continue on Wednesday. While attributed to a series of tweets from billionaire Elon Musk, CEO of Tesla, X, and SpaceX.

Musk changed his X account name to “Kekius Maximus,” using an avatar of the famous frog that is the symbol of several meme coins, including Pepe.

The name Kekius Maximus combines the name of the “Gladiator” movie hero with the term “Kek,” which is used as a substitute for “LOL” in the gaming and cryptocurrency communities. Additionally, Kekius Maximus is also the name of a meme coin, which surged more than 1,000% in value after Musk changed its name.

Pepe Coin and Other Frog-Related Coins Continue to Rise

While PepeCoin is the most notable due to its high market cap, Musk has helped to boost all meme coins linked to artist Matt Furie’s frog, who created the character in 2005.

Musk has continued to tweet and post images, including one of Pepe the Frog dressed as a Roman warrior, accompanied by the caption “Brother in Arms.”

With many traders away for the end-of-year holiday, momentum is expected to build on Pepe Coin and other meme coins as activity gradually returns, making 2025 a bright start for these coins.