As the crypto market was in the midst of discussing whether the current meme coin season had peaked, Elon Musk made a joke that indirectly referred to Pepe Coin. This occurred shortly after his announcement that Linda Yaccarino would be assuming the role of Twitter’s CEO.
PEPE Price Surges as Elon Musk Indirectly Mentions it in Tweet
Elon Musk, the CEO of Tesla, has indirectly mentioned Pepe Coin in a recent joke, sending ripples of excitement across the cryptocurrency market. The mention of the meme-based crypto comes as the market debates whether the current meme coin season has reached its peak.
Musk’s mention of Pepe Coin came just hours after he announced Linda Yaccarino as the new CEO of Twitter. Yaccarino, who is reportedly a fan of meme coins, recently announced her resignation from NBCU to focus on her new role at Twitter. Her appointment has been welcomed by the crypto trading community as a positive development.
Musk, who is known for his advocacy of Dogecoin, as well as the Shiba Inu and Floki Inu cryptocurrencies, posted a meme on social media that included the frog to illustrate the concept of constitutional amendments. This subtle endorsement of the meme coin has sparked a surge in its price, which is currently trading at $0.000001916, up 17% in the last 24 hours, with a trading volume of $1,004,985,829, up 133% in the same period.
The official Twitter account of Pepe Coin responded to Musk’s meme with the words “seize the memes of production.” It remains to be seen whether Musk’s mention of Pepe Coin indicates his support for the cryptocurrency. However, his indirect endorsement has certainly caught the attention of the Pepe community and has fueled speculation about the coin’s future.
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