PEPE Price Surges as Elon Musk Indirectly Mentions it in Tweet

• This happened only a few hours after Musk announced Linda Yaccarino as the new CEO.
• Tesla’s CEO posted a meme that clearly focuses on the US Constitution’s amendments.

Elon Musk, indirectly mentioned Pepe Coin in a joke just as the crypto market was debating whether the current meme coin season had reached its height.

This happened only a few hours after Musk announced that Linda Yaccarino would be taking over as Twitter’s CEO. She plans to give her whole attention to company matters. Reportedly slated to take over as CEO of the social media giant, Linda Yaccarino recently announced her resignation from NBCU. The new CEO has been said to be a fan of meme coins, which is a positive development for the crypto trading community.

PEPE Community Excited

Meanwhile, Tesla’s CEO posted a meme that clearly focuses on the US Constitution’s amendments. What really got people’s attention, however, was the inclusion of “Pepe the frog” inside the meme, which could be seen as a subtle endorsement by Musk, who is famous for his advocacy of another meme coin, Dogecoin (DOGE), in addition to his promotion of the Shiba Inu and Floki Inu cryptocurrencies.

Explaining Constitutional Amendments pic.twitter.com/oYkMPBe9Zi

— Elon Musk (@elonmusk) May 13, 2023

Musk posted a meme using the cartoon frog Pepe to illustrate the concept of constitutional amendments. Pepe Coin’s official Twitter account responded with “seize the memes of production.” The price of PEPE Coin increased dramatically when Elon Musk made reference to the frog.

According to CMC the price of PEPE is $0.000001916 and is up 17% in the last 24 hours. The trading volume at the time of writing is $1,004,985,829 and is up 133% in the last 24 hours. Whether Musk supports PEPE is something time will tell, but his indirect mention has got the PEPE community on its heel.