Elon Musk, the boss of Twitter, increased PEPE close to 15 percent with his tweet.
While the memecoin rush is thought to be over, Pepe has been on the rise since yesterday evening. Many memecoins have surged close to 50 percent from where they fell.
This wave of rise was marked by the sharing of Twitter’s boss, Elon Musk. The inclusion of the Pepe figure in a post shared by Musk increased the price of PEPE by 15 percent.
PEPE Continues to Rise
Popular memecoin PEPE accelerated its rise with Elon Musk’s Twitter post. PEPE, which has increased by nearly 80 percent since yesterday, got the support of Musk today.
Although Musk shared a funny tweet, this was perceived as a buy signal by crypto investors. As a result of Musk’s sharing about the Pepe figure, people started to buy PEPE. The price of PEPE was moving around the $0.00000167 level. After Musk’s share, this price increased to $ 0.00000191.
Showing a continuous downward movement until yesterday, memecoin started to rise again with the sharing of whales and Musk. The cryptocurrency market continues to be volatile, especially for memecoins.
On the other hand, many corporate names continue to draw attention to the fact that memecoins are risky assets, especially Pepe. In particular, Coinbase published a risk statement for Pepe and tried to soften the environment after the reactions.
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