Just In: More Links Emerge Between Elon Musk, PEPE Coin

Anvesh Reddy
May 16, 2023 Updated July 16, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Elon Musk Mocks Sam Altman Amid Sora's Pre-Launch Buzz

Crypto Market News: In the backdrop of Elon Musk including the PEPE Coin frog character as part of a meme, more links are emerging between the memecoin and the billionaire. Besides, speculation is rife in the crypto market that the Tesla CEO is keen on launching a Twitter crypto wallet. Musk’s close affiliation with another memecoin, Dogecoin (DOGE) adds fuel to rumors that he would favor Pepe Coin too if Twitter goes on to launch a built in crypto wallet. Moreover, Binance CEO CZ unfollowed Musk recently, thus reinforcing the speculation over an upcoming Twitter crypto wallet launch.

Also Read: Leading Crypto Exchange Lists Shiba Inu’s BONE And BABYDOGE

Hence, rumors are around that Musk would also include PEPE if Twitter launches the crypto wallet. In addition, on the occasion of Musk’s visit to France, the official Twitter account of the memecoin gave more reasons on fresh links with the billionaire.

Advertisement
Advertisement

PEPE To Be Twitter’s Native Currency?

Elon Musk has a knack for memecoins and is evident from his close affiliation with Dogecoin community and his tweet activity surrounding other memecoins, Shiba Inu (SHIB) and Floki Inu (FLOKI). However, this could not be enough reason to show Musk would favor memecoins whenever the social media platform initiates crypto payments. Also, with the announcement of Linda Yaccarino as Chief Executive Officer of Twitter, Musk will still be overseeing the technology part of the business and hence, a crypto wallet launch could well be within his reach.

Meanwhile, some people in the crypto community are believing that PEPE would be given preference of the crypto wallet is launched.

Over the last one week, PEPE lost just about 20% in value while it is negligible when compared with the 28 times price gain since its launch on April 18, 2023.

Also Read: Ethereum, Polygon Developers Skeptical Of OpenAI CEO’s Worldcoin

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.