PEPE Elon Musk: The Impact of Memes on Cryptocurrency

PEPE Elon Musk and his MeMe coin

Understanding the development of meme, if there is someone who cannot be avoided, then the number one person must be Musk. Musk has a close relationship with memes. It can be said that the current development of the current meme leaders Dogecoin and Pepe coin is inseparable from Musk’s propaganda.

He has publicly supported Dogecoin and Pepe coins many times, and every tweet will surely trigger widespread discussion and attention. Since Dogecoin skyrocketed in the last bull market and reached the top ten in market capitalization, Musk's reputation and influence in the blockchain industry have reached its peak. One of his tweets can cause huge fluctuations in the price of meme, sometimes even This triggered a frenzy in the market, and because he often posted tweets related to cryptocurrencies and memecoins on Twitter, he became one of the key targets of retail investors in the industry.

Currently, Musk has nearly 169 million followers on Twitter. A small number of people will keep an eye on his Twitter 24 hours a day in order to discover on-chain projects or mass-produce memeTokens as soon as possible. Each of his tweets is published or displayed on Twitter. If the settings are changed, several idiots named after the Twitter content will be generated on the chain (mainly in Ethereum) in just a minute or two.

For some projects that have special significance or are mentioned repeatedly, the market value of the project may soar from tens of dollars to tens of millions or even hundreds of millions of dollars in just a few days.

It seems that Musk really loves MeMe coin. Recent qun+wei: LTLQ1717

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