Pepe Rallies After Elon Musk Shares Meme On X
Pepe (PEPE) has rallied by 3% on the daily charts after Elon Musk posted a meme of the frog smoking a cigarette on X. The memecoin is currently outperforming the top 10 crypto projects by market cap on the daily charts. Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP, on the other hand, have risen by 0.4%, 1.1%, and 0.9%, in the same time frame. pic.twitter.com/QyKLzXez3L — Elon Musk (@elonmusk) June 19, 2025 Will PEPE Breakout? Source: Watcher.Guru While the frog-themed memecoin is green on the daily charts, it continues to trade in the red zone in the other time frames. PEPE is down 15.6% in the weekly charts, 11% in the 14-day charts, 18.4% over the previous month, and 10.7% since June 2024. Source: CoinGecko Elon Musk’s social media posts have often led to crypto rallies. His Dogecoin (DOGE)-related posts, in particular, have caused sporadic rallies for the memecoin. Musk may have shared the PEPE meme due to a setback with his SpaceX Starship prototype. The rocket ...