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Frog-themed cryptocurrency baby Up 16% in the last 24 hours PEPE price rose from lows of $0.00001767 to highs of $0.0000214 in today's session, sparking a large green candle.
The rise in PEPE prices coincides with tech billionaire Elon Musk's recent activity on social media. Musk, known for his significant influence on the cryptocurrency market, changed his Twitter name to “Kekius Maximus,” sparking interest from the online cryptocurrency community.
The Tesla CEO replaced his profile picture with the popular "Pepe the Frog" meme. In the new image, Baby's character appears holding a joystick. The Kikius Maximus character is based on a little-known meme that combines the popular Pepe the Frog character with the movie character Maximus from Gladiator.
The official X account for PEPE Coin responded by tagging the Tesla CEO: “Game on Elon Musk.”
Although Musk did not directly reference PEPE, the timing of his name change on the X coincides with PEPE's rise.
Two reasons for Bibi's rise
Musk's actions often have a profound impact on the market, and this case was no different. The association with Pepe the Frog, a popular Internet meme, led to an increase in purchasing activity for PEPE, causing the price to rise by more than 16%.
Another reason may have contributed to this Baby price The increase is the high level of engagement in social media. according to LunarCrushPEPE, a platform that tracks cryptocurrency social media activity, is among the few cryptocurrencies to see a significant increase in social mentions.
Related to
PEPE's price is up 18% in the past 24 hours to $0.00002077, and is up 10% weekly as of this writing. PEPE started to rise from lows of $0.0000174 on December 30 to intraday highs of $0.0000214 during today's trading session.
According to CoinGecko data, the price of PEPE is rising by 1,467% annually, reaching an all-time high of $0.00002825 on December 9. The frog-themed cryptocurrency is currently down 26.41% from that high.
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