Elon Musk, the founder of Tesla and one of the richest people in the world, once again created excitement in the altcoin market with his latest tweet. Musk is known for his interest in the biggest meme token, Dogecoin, and his tweets have had a significant impact on other coins before. Now, Elon Musk’s tweet has affected the PEPE coin. Here are the details…
Elon Musk tweet raises PEPE
In his latest tweet, Musk shared an image with the PEPE token character, and after the post, the PEPE coin experienced a value increase of about 45 percent. While PEPE has fallen off the market agenda lately, Musk’s tweet has brought it back into focus. It caused an increase in its value. As we reported on Kriptokoin.com, Musk had previously shared a meme coin called Milady, and this coin also saw a significant increase in value after Musk’s tweet.
Explaining Constitutional Amendments pic.twitter.com/oYkMPBe9Zi
— Elon Musk (@elonmusk) May 13, 2023
It is not yet clear whether Musk, a well-known Dogecoin bull, will continue to support other meme coins like LADYS or PEPE in the future. The recent rise in the value of PEPE, which has gained more than 10 percent in just a few minutes, indicates that FOMO (fear of missing out) may once again take over the meme coin market and experience even more significant jumps in the coming hours. Musk’s tweets continue to have a significant impact on the crypto market and we will see how his future tweets will affect the value of altcoins.
At the time of writing, PEPE is about 45 percent above $0.000001159, the lowest it has recorded in the last 24 hours. The current price of PEPE is around $0.000001825.
45651
