Crypto Market News: Just when the cryptocurrency market has been speculating whether the current memecoin season has reached its peak, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news that Linda Yaccarino took over as Twitter's new CEO. Formerly CoinGape reported that the new CEO was also believed to be a meme coin enthusiast, a trait that could go a long way in helping the cryptocurrency trading community.
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Meanwhile, the Tesla CEO shared a meme with an obvious focus on constitutional amendments in the United States. However, what drew attention was that the character of "Pepe the frog" within the meme, in what could be an indirect indication of Musk's support, behind his known support for another memecurrency Dogecoin (DOGE) plus mentions of Shiba Inu (SHIB) and Floki Inu (FLOKI) in his tweets.
Elon Musk mentions PEPE Coin Frog
Musk used the Pepe the frog character in his meme post explaining the constitutional amendments. Responding to this, the official account of Pepe Coin saying, โtake advantage of production memesโ. It was along the lines of the popular phrase "Take advantage of the means of production." In reaction to the mention of Elon Musk's frog, the price of the PEPE Coin immediately skyrocketed.
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