The popular cryptocurrency PEPE experienced a significant growth of 21% in the past 24 hours, rising from $0.00001767 to $0.0000214. Currently, its price is around $0.0000207 after a slight correction. This price increase coincided with new activity by Elon Musk, the CEO of Tesla, on the social network X. Musk, known for his wide influence on the digital currency market, changed his X profile name to ‘Kekius Maximus’ and replaced his profile picture with an image of ‘Pepe the Frog’. In this image, Pepe is seen playing with a joystick. The character Kekius Maximus is inspired by combining the image of Pepe the Frog and the character Maximus from the movie ‘Gladiator’. PEPE’s official account responded to Musk’s actions by stating: ‘The game has begun, Elon Musk.’ Although Musk did not directly refer to PEPE, his name change and its impact on the market have increased demand for PEPE and its price. Another reason for this price surge is the extensive activity related to PEPE on social networks. According to LunarCrush platform data, PEPE has been significantly noticed on social networks in recent days. Based on market data, PEPE has experienced a 5.65% growth in the past week. In the past year, this meme coin has seen an impressive growth of 1467% and reached a historical high of $0.00002825 on December 9, 2024, but is currently about 29% lower than that level.
