PEPE Coin Price Rises After Elon Musk Uses This Avatar on Social Media

Bittime - The crypto world was shocked again by Elon Musk's controversial move. The technologist and billionaire changed the name and avatar on his X social media account, triggering an incredible reaction from the crypto community, especially fans of the PEPE meme coin. 

The Pepe the Frog themed avatar uploaded by Musk immediately pushed the price of PEPE Coin up by 12% in a short time.

Surprise from Elon Musk: "Kekius Maximus" and Avatar PEPE

On December 10, Elon Musk made striking changes to his X account by changing the name to "Kekius Maximus" and using the Pepe the Frog avatar, which is depicted as a Roman general in the middle of the Colosseum arena. 

The move is thought to be a reference to the recently released film "Gladiator II" and the popular online game "Path of Exile."

This is not the first time Musk has utilized the Pepe the Frog theme on social media. In the same month, he also shared a similar image with comments that attracted attention from his millions of followers. 

This step is seen as one of Musk's ways of teasing the crypto community, which has long idolized the figure as a symbol for the PEPE coin meme.

Read also: Today's Pepe Coin Price: How many Rupiah is 1 PEPE?

PEPE Coin Price Surge

Reaction to Musk's move was immediately visible in the crypto market. The price of PEPE Coin jumped 12%, rising from $0.0000012 (around IDR 0.019) to $0.00000134 (around IDR 0.022) in less than 24 hours. 

According to data from CoinGecko, PEPE trading volume has also increased drastically along with investor enthusiasm.

As one of the meme coins that emerged in the past year, PEPE has attracted great attention from the global crypto community. Inspired by the Pepe the Frog meme, these coins have a unique appeal as they are often tied to broad internet cultural movements.

Read also: Is Buying PEPE Profitable? This Investor Proves a Profit of $11.7 Million!

Crypto Community and "Kekius Maximus"

Not only was the price of PEPE affected, the crypto community was also triggered to create a new coin called "Kekius Maximus" (KEKIUS). The presence of this coin emphasizes how Elon Musk's every move can create a new trend in the crypto world.

However, Musk's moves to change names and avatars are usually only temporary. In the past, he changed the Twitter logo to the Dogecoin mascot, which also caused a significant spike in DOGE prices.

FAQ About PEPE Coin

What is PEPE Coin? 

PEPE Coin is a meme-based crypto asset inspired by the character Pepe the Frog, widely known in internet culture. 

Why is PEPE Coin price going up? 

The recent increase in the price of PEPE Coin occurred after Elon Musk used a Pepe the Frog themed avatar on his social media accounts. This move increased the crypto community's interest in PEPE.

Is PEPE Coin a good investment? 

Like all crypto assets, PEPE Coin carries high risks due to its volatility. Make sure to do in-depth research and understand the market before investing.

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Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

coinmarketcap, Pepe Coin Coinmarketcap, accessed on January 1, 2025.

U.Today, Elon Musk Adopts New X Name and PEPE-Themed Avatar, Abuzz Community Settings, accessed on January 1, 2025.

Author: Y