BPOI Banner
Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details

Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details

TL;DR

  • Amid a broader meme coin decline, PEPE surged 6%, with its market cap surpassing $8 billion.
  • Its revival happened shortly after Elon Musk changed his profile picture on X with a frog dressed as a Roman soldier.

PEPE on the Run

The latest crypto market correction has severely affected the meme coin sector, with many tokens charting substantial weekly declines. For instance, Shiba Inu (SHIB) is down 6%, while dogwifhat (WIF) has plunged 9%. 

The past 24 hours have also been painful for the bulls, with SHIB, BONK, PENGU, and many more heading south.

However, Pepe (PEPE) defied the negative trend, recording a 6% price upswing. The frog-themed token also saw its market capitalization rising above $8 billion again, solidifying it as the third-biggest meme coin.

PEPE Price
PEPE Price, Source: CoinGecko

PEPE’s resurgence could be linked to one of Elon Musk’s latest interactions on X. The owner of the social media platform changed his profile picture to Kekius Maximus – a frog that wears Roman armor. 

KEKIUS is a meme coin operating on multiple blockchain platforms, including Ethereum and Solana. It saw the light of day in mid-December and up until Musk’s post was trading sideways at approximately $0.01.

The endorsement from one of the richest people on the planet triggered a massive resurgence for KEKIUS, whose price skyrocketed by 550% in the past 24 hours. Nonetheless, its market capitalization remains below $100 million, meaning it is far from reaching the top 100 club (at least as of the moment). 

Musk and Memes

This is not the first time the billionaire has made waves in the meme coin niche with his posts on X. Musk is known as a huge proponent of Dogecoin (DOGE), often praising its merits and endorsing it on the social media platform. 

Last month, the biggest meme coin experienced a 10% price increase after Tesla’s CEO talked about the establishment of a Department of Government Efficiency (D.O.G.E.) should Donald Trump win the US presidential elections. The Republican emerged victorious and put Musk in charge of this division.

D.O.G.E. will aim to streamline the US federal government by reducing wasteful spending and eliminating unnecessary regulatory agencies. 

Floki Inu (FLOKI) is another meme coin that has witnessed a price boost after comments from Elon Musk. In February 2023, he posted a picture of his dog dressed as the CEO of Twitter (as X was called back then). Musk’s pet is named Floki, which explains why the eponymous meme coin shot by over 40% shortly after the interaction.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Dimitar Dzhondzhorov

https://cryptopotato.com/pepe-pepe-defies-market-sentiment-with-6-surge-after-interaction-from-elon-musk-details/

2024-12-31 11:44:12

bitcoin
Bitcoin (BTC) $ 77,260.70 7.10%
ethereum
Ethereum (ETH) $ 1,560.65 13.91%
tether
Tether (USDT) $ 0.999366 0.05%
xrp
XRP (XRP) $ 1.88 11.91%
bnb
BNB (BNB) $ 546.18 7.79%
usd-coin
USDC (USDC) $ 1.00 0.00%
solana
Solana (SOL) $ 104.46 12.44%
dogecoin
Dogecoin (DOGE) $ 0.1471 12.53%
tron
TRON (TRX) $ 0.228194 3.90%
cardano
Cardano (ADA) $ 0.565247 13.67%
staked-ether
Lido Staked Ether (STETH) $ 1,544.27 14.07%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 80,108.71 7.36%
leo-token
LEO Token (LEO) $ 8.86 2.34%
usds
USDS (USDS) $ 1.00 0.02%
the-open-network
Toncoin (TON) $ 2.87 11.78%
chainlink
Chainlink (LINK) $ 11.05 13.34%
stellar
Stellar (XLM) $ 0.224878 10.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,877.12 12.76%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 9.80%
avalanche-2
Avalanche (AVAX) $ 15.70 11.90%
sui
Sui (SUI) $ 1.89 14.05%
hedera-hashgraph
Hedera (HBAR) $ 0.136595 15.42%
mantra-dao
MANTRA (OM) $ 5.71 8.94%
polkadot
Polkadot (DOT) $ 3.63 7.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 266.76 11.66%
litecoin
Litecoin (LTC) $ 68.95 16.25%
ethena-usde
Ethena USDe (USDE) $ 0.998541 0.08%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.09%
bitget-token
Bitget Token (BGB) $ 4.05 8.96%
weth
WETH (WETH) $ 1,547.36 13.98%
pi-network
Pi Network (PI) $ 0.607327 0.21%
whitebit
WhiteBIT Coin (WBT) $ 27.52 2.47%
monero
Monero (XMR) $ 196.61 7.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,643.27 14.04%
hyperliquid
Hyperliquid (HYPE) $ 10.06 15.62%
dai
Dai (DAI) $ 1.00 0.00%
okb
OKB (OKB) $ 50.81 2.08%
susds
sUSDS (SUSDS) $ 1.05 0.01%
uniswap
Uniswap (UNI) $ 5.00 14.33%
pepe
Pepe (PEPE) $ 0.000006 11.87%
aptos
Aptos (APT) $ 4.27 11.88%
near
NEAR Protocol (NEAR) $ 2.12 12.75%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 77,121.66 7.25%
gatechain-token
Gate (GT) $ 20.34 9.42%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.70 8.36%
mantle
Mantle (MNT) $ 0.700168 5.16%
ondo-finance
Ondo (ONDO) $ 0.720723 10.59%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.16 0.04%
crypto-com-chain
Cronos (CRO) $ 0.079975 12.33%
internet-computer
Internet Computer (ICP) $ 4.48 10.47%
bitcoin
Bitcoin (BTC) $ 77,260.70 7.10%
ethereum
Ethereum (ETH) $ 1,560.65 13.91%
tether
Tether (USDT) $ 0.999366 0.05%
xrp
XRP (XRP) $ 1.88 11.91%
bnb
BNB (BNB) $ 546.18 7.79%
usd-coin
USDC (USDC) $ 1.00 0.00%
solana
Solana (SOL) $ 104.46 12.44%
dogecoin
Dogecoin (DOGE) $ 0.1471 12.53%
tron
TRON (TRX) $ 0.228194 3.90%
cardano
Cardano (ADA) $ 0.565247 13.67%
staked-ether
Lido Staked Ether (STETH) $ 1,544.27 14.07%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 80,108.71 7.36%
leo-token
LEO Token (LEO) $ 8.86 2.34%
usds
USDS (USDS) $ 1.00 0.02%
the-open-network
Toncoin (TON) $ 2.87 11.78%
chainlink
Chainlink (LINK) $ 11.05 13.34%
stellar
Stellar (XLM) $ 0.224878 10.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,877.12 12.76%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 9.80%
avalanche-2
Avalanche (AVAX) $ 15.70 11.90%
sui
Sui (SUI) $ 1.89 14.05%
hedera-hashgraph
Hedera (HBAR) $ 0.136595 15.42%
mantra-dao
MANTRA (OM) $ 5.71 8.94%
polkadot
Polkadot (DOT) $ 3.63 7.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 266.76 11.66%
litecoin
Litecoin (LTC) $ 68.95 16.25%
ethena-usde
Ethena USDe (USDE) $ 0.998541 0.08%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.09%
bitget-token
Bitget Token (BGB) $ 4.05 8.96%
weth
WETH (WETH) $ 1,547.36 13.98%
pi-network
Pi Network (PI) $ 0.607327 0.21%
whitebit
WhiteBIT Coin (WBT) $ 27.52 2.47%
monero
Monero (XMR) $ 196.61 7.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,643.27 14.04%
hyperliquid
Hyperliquid (HYPE) $ 10.06 15.62%
dai
Dai (DAI) $ 1.00 0.00%
okb
OKB (OKB) $ 50.81 2.08%
susds
sUSDS (SUSDS) $ 1.05 0.01%
uniswap
Uniswap (UNI) $ 5.00 14.33%
pepe
Pepe (PEPE) $ 0.000006 11.87%
aptos
Aptos (APT) $ 4.27 11.88%
near
NEAR Protocol (NEAR) $ 2.12 12.75%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 77,121.66 7.25%
gatechain-token
Gate (GT) $ 20.34 9.42%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.70 8.36%
mantle
Mantle (MNT) $ 0.700168 5.16%
ondo-finance
Ondo (ONDO) $ 0.720723 10.59%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.16 0.04%
crypto-com-chain
Cronos (CRO) $ 0.079975 12.33%
internet-computer
Internet Computer (ICP) $ 4.48 10.47%