🐸 Change of "Pepe" profile picture
Musk changed his profile picture on X (formerly Twitter) to a picture of the "Pepe" frog at least twice, which sparked waves of speculation that there is a hint towards the PEPE currency.
This journalistic change triggered a sudden rise in the currency's price, with a jump of approximately ≈11% after the first change, and later transformed into another upward wave.
📈 Frog meme leads the market
Sent a tweet attached with a meme showing a frog wearing sunglasses and riding a rocket, with the comment "Only the silly survive." Although not explicitly mentioning the currency, the community connected it to PEPE due to the use of the same frog.
After posting this meme on May 2, 2025, the price of PEPE rose by about 30% within 12 hours, then reached a total increase of around 38% within two days.
🤫 No official confirmations
So far, Musk has not issued an official statement endorsing or supporting PEPE as he did with Dogecoin. However, he has also not denied his intention to delve into this currency.
He has not confirmed owning PEPE as he did with Bitcoin and Dogecoin.
🧭 Summary
Subject Details
The nature of the statements was symbolic signals (profile changes, memes) and not official verbal statements.
Impact on the market Fast interactions led to increases of 10-40% in the currency's value within hours or days.
General impression The community sees Musk as "not mentioning it but creating a meme that indicates it", leading to waves of speculation.
🔎 Conclusion:
Elon Musk did not explicitly say the word "PepeCoin", but he stirred market excitement towards it through memes and a frog profile, leading to a temporary rise in the currency's price. Not by
No official support or clear statement, but rather "implicit hints".