Dogecoin (DOGE) supporter Elon Musk, who is always talked about with his shares and statements, made a new post about another meme token.
At this point, while making a new post about PepeCoin (PEPE), there was an increase in the price.
Elon Musk, who shared an image from his Elon Musk
Elon Musk shared a meme with his followers on X and used the frog image of the Pepe token in this meme.
While Tesla and SpaceX CEO Musk's post once again shows the impact of his presence on social media on the cryptocurrency market, this is not the first time Musk's post has affected the prices of PEPE and other cryptocurrencies.
PEPE, which rose to $0.00000937 with the rise, experienced some withdrawal and is trading at $0.00000899 at the time of writing.
*This is not investment advice.