The price of PEPE coin (CRYPTO: PEPE) is soaring Tuesday after billionaire Elon Musk changed his name on social media platform X and his profile picture to an image of Pepe the Frog playing video games.
While Musk’s X changes sparked optimism for the meme coin, this wasn’t the first time the billionaire supported Pepe the Frog memes and images on social media. Here’s a look back.
What Happened: Pepe coin, based on the popular Pepe the Frog meme, launched in mid-April 2023 and gained interest from the cryptocurrency community. The number of holders quickly grew thanks to the meme’s built-in popularity and name recognition.
While Pepe coin’s first year was memorable, the cryptocurrency’s second year included a listing on Robinhood, providing more accessibility for investors to buy it. The coin hit a new all-time high in December, following many cryptocurrencies that hit new all-time highs after the 2024 presidential election.
The Pepe the Frog meme was created by artist Matt Furie. Because the meme is so well known, being used by the world’s richest person and most followed account on X could help strengthen interest in the cryptocurrency.
Musk changed his name to Kekius Maximus on X in late December 2024 while changing his profile picture to an image that looks to have …Full story available on Benzinga.com
If You Invested $1,000 In Pepe Coin When Elon Musk Shared A Meme Earlier This Year, Here’s How Much You’d Have Today
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