Kekius Maximus (kekius.club)

Pepe

PEPE

TL;DR
<ul>
 <li> Amid a broader meme coin decline, PEPE surged 6%, with its market cap surpassing $8 billion.</li>
 <li>Its revival happened shortly after Elon Musk changed his profile picture on X with a frog dressed as a Roman soldier.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-12-pepe_cb-10-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/PEPE_CB-10.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="pepe-on-the-run">PEPE on the Run</h2>
The latest crypto market correction has severely affected the meme coin sector, with many tokens charting substantial weekly declines. For instance, Shiba Inu (SHIB) is down 6%, while dogwifhat (WIF) has plunged 9%.&nbsp;
The past 24 hours have also been painful for the bulls, with SHIB, BONK, PENGU, and many more heading south. 
However, Pepe (PEPE) defied the negative trend, recording a 6% price upswing. The frog-themed token also saw its market capitalization rising above $8 billion again, solidifying it as the third-biggest meme coin.
<figure id="attachment_376807" aria-describedby="caption-attachment-376807" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-376807" src="https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1.png" alt="PEPE Price" width="567" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1.png 1037w, https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1-300x212.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1-1024x723.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1-768x542.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/PEPE-Price-1-50x35.png 50w" sizes="(max-width: 567px) 100vw, 567px"></a>
 <figcaption id="caption-attachment-376807" class="wp-caption-text">
 PEPE Price, Source: CoinGecko
 </figcaption>
</figure>
PEPE’s resurgence could be linked to one of Elon Musk’s latest interactions on X. The owner of the social media platform <a class="editor-rtfLink" href="https://x.com/elonmusk/photo" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">changed</a> his profile picture to Kekius Maximus – a frog that wears Roman armor.&nbsp;
KEKIUS is a meme coin operating on multiple blockchain platforms, including Ethereum and Solana. It saw the light of day in mid-December and up until Musk’s post was trading sideways at approximately $0.01.
The endorsement from one of the richest people on the planet triggered a massive resurgence for KEKIUS, whose price skyrocketed by 550% in the past 24 hours. Nonetheless, its market capitalization remains below $100 million, meaning it is far from reaching the top 100 club (at least as of the moment).&nbsp;
<h2 id="span-data-preserver-spaces-true-musk-and-memes-span">Musk and Memes</h2>
This is not the first time the billionaire has made waves in the meme coin niche with his posts on X. Musk is known as a huge proponent of Dogecoin (DOGE), often praising its merits and endorsing it on the social media platform.&nbsp;
Last month, the biggest meme coin experienced a 10% price increase after Tesla’s CEO <a class="editor-rtfLink" href="https://cryptopotato.com/dogecoin-doge-soars-10-after-musks-appearance-on-joe-rogans-podcast-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">talked about</a> the establishment of a Department of Government Efficiency (D.O.G.E.) should Donald Trump win the US presidential elections. The Republican <a href="https://cryptopotato.com/us-presidential-elections-2024-results-donald-trump-declares-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">emerged victorious</a> and put Musk in charge of this division.
D.O.G.E. will aim to streamline the US federal government by reducing wasteful spending and eliminating unnecessary regulatory agencies.&nbsp;
Floki Inu (FLOKI) is another meme coin that has witnessed a price boost after comments from Elon Musk. In February 2023, he <a class="editor-rtfLink" href="https://cryptopotato.com/floki-soars-over-40-after-an-elon-musk-joke/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">posted</a> a picture of his dog dressed as the CEO of Twitter (as X was called back then). Musk’s pet is named Floki, which explains why the eponymous meme coin shot by over 40% shortly after the interaction.
The post <a href="https://cryptopotato.com/pepe-pepe-defies-market-sentiment-with-6-surge-after-interaction-from-elon-musk-details/" rel="noopener noreferrer nofollow">Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Pepe (PEPE) Defies Market Sentiment With 6% Surge After Interaction From Elon Musk: Details

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