PEPE Skyrockets 16% in Hours; Here Are Two Reasons
Release: 2025/01/01 03:34 Reading: 836
Frog-Themed Cryptocurrency PEPE Soars 16%
Cover Image Courtesy of U.Today
PEPE, a cryptocurrency inspired by the popular Pepe the Frog meme, has surged by 16% over the past 24 hours. The rise follows increased interest on social media, particularly from tech billionaire Elon Musk.
Elon Musk's Influence
Musk's recent activity on social media has played a significant role in PEPE's price increase. The Tesla CEO changed his Twitter name to "Kekius Maximus," a combination of Pepe the Frog and the movie character Maximus from Gladiator. He also replaced his profile picture with a Pepe the Frog meme featuring a joystick.
Social Media Engagement
PEPE's rally has also been fueled by high levels of social media engagement. According to LunarCrush, the cryptocurrency has experienced a substantial increase in social mentions.
Technical Analysis
PEPE's price surged from $0.00001767 to a high of $0.0000214 during today's trading session. The surge is visible on the 
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