Pepe coin (CRYPTO:PEPE) is one of many cryptocurrencies that are trading higher this week, and this time it’s not billionaire Elon Musk behind it. The cryptocurrency sector is in the spotlight amid a potential U.S. regulatory framework, viewed as a positive for future growth.
Here’s a look back at Pepe coin’s surge before, based on interactions from Musk.
Elon Musk and Pepe
Pepe coin, based on the popular Pepe the Frog meme, launched in mid-April 2023 and gained interest from the cryptocurrency community. The number of holders quickly grew thanks to the meme’s built-in popularity and name recognition.
The Pepe the Frog meme was created by artist Matt Furie. Because the meme is so well-known, used by the world’s richest person and the most-followed account on X, the associated coin often saw large spikes when Musk posted or shared memes featuring the easy-to-spot frog.
