{"id":32327,"date":"2024-12-31T11:44:12","date_gmt":"2024-12-31T11:44:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32327"},"modified":"2024-12-31T11:44:12","modified_gmt":"2024-12-31T11:44:12","slug":"pepe-pepe-defies-market-sentiment-with-6-surge-after-interaction-from-elon-musk-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32327","title":{"rendered":"Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Amid a broader meme coin decline, PEPE surged 6%, with its market cap surpassing $8 billion.<\/span>
\nIts revival happened shortly after Elon Musk changed his profile picture on X with a frog dressed as a Roman soldier.<\/p>\n

<\/a><\/span><\/h2>\n

PEPE on the Run<\/h2>\n

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 <\/span>dogwifhat<\/span> (WIF) has plunged 9%.\u00a0<\/span><\/p>\n

The past 24 hours have also been painful for the bulls, with SHIB, BONK, PENGU, and many more heading south. <\/span><\/p>\n

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.<\/span><\/p>\n

<\/a>PEPE Price, Source: CoinGecko<\/p>\n

PEPE\u2019s resurgence could <\/span>be linked<\/span> to one of Elon Musk\u2019s latest interactions on X. <\/span>The <\/span>owner of the<\/span> social media platform <\/span>changed<\/span><\/a> his profile picture to Kekius Maximus <\/span>\u2013 a frog that wears <\/span>Roman armor.<\/span>\u00a0<\/span><\/p>\n

KEKIUS is a meme coin operating on multiple blockchain platforms, including Ethereum and Solana. <\/span>It <\/span>saw the light of day<\/span> in mid-December and <\/span>up<\/span> until Musk\u2019s post <\/span>was trading sideways at approximately $0.01<\/span>.<\/span><\/p>\n

The endorsement from one of the <\/span>richest<\/span> 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 <\/span>club<\/span> (at least as of the moment).\u00a0<\/span><\/p>\n

Musk and Memes<\/span><\/h2>\n

This<\/span> 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.\u00a0<\/span><\/p>\n

Last month, <\/span>the biggest meme coin experienced a 10% price increase after Tesla\u2019s CEO <\/span>talked about<\/span><\/a> the establishment of a Department of Government Efficiency (D.O.G.E.) should Donald Trump win the US presidential elections. The Republican emerged victorious<\/a> and put Musk in charge of this division.<\/span><\/p>\n

D.O.G.E. will aim to streamline the US federal government by reducing wasteful spending and eliminating unnecessary regulatory agencies.\u00a0<\/span><\/p>\n

Floki Inu (FLOKI) is another meme coin that has witnessed a price boost after comments from Elon Musk. In February 2023, he <\/span>posted<\/span><\/a> a picture of his dog dressed as the CEO of Twitter (as X <\/span>was called back<\/span> then). Musk\u2019s pet is <\/span>named<\/span> Floki, which explains why the eponymous meme coin shot by over 40% shortly after the interaction.<\/span><\/p>\n

The post Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":0,"featured_media":32328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32327"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32327"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32328"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}