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.
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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.
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.
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