Breaking: Elon Musk Joins PEPE Coin Frenzy

Crypto Market News: Just when the crypto market has been speculating about whether the ongoing memecoin season has peaked, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news of Linda Yaccarino taking charge as the new Twitter CEO. Earlier, CoinGape reported that the new CEO was also believed to be a meme coin enthusiast, a trait that could go a long way in helping the crypto trader community.

Also Read: Ethereum Clients Release Crucial Updates As Blockchain Suffers Two Outages in 24hrs

Meanwhile, the Tesla CEO shared a meme with obvious focus on the constitutional amendments in the United States. However, what caught the attention was that the “Pepe the frog” character within the meme, in what could be an indirect hint of support from Musk, at the back of his well known support for another memecoin Dogecoin (DOGE) besides mentions of Shiba Inu (SHIB) and Floki Inu (FLOKI) in his tweets.

Elon Musk Mentions PEPE Coin Frog

Musk used the Pepe frog character in his meme post explaining about constitutional amendments. Responding to this, the official Pepe Coin account said, “seize the memes of production.” It was along the lines of popular phrase “Seize the Means of Production.” In reaction to the Elon Musk mention of the frog, the PEPE Coin price shot up immediately.

Also Read: US Bank Deposits Continue To Fall, What It Means For Bitcoin?

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected].

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.