Rapper Soulja Boy's mention of PEPE as a part of his lyrics may have a positive effect on the meme coin's price, as PEPE's price was up 51% since the tweet went out.

Popular rapper Soulja Boy recently took to Twitter to share his excitement about meme-cryptocurrency PEPE. He was quoting a famous song lyric - "I done got rich off PEPE" - that has certainly come true for many investors in the meme-coin.

The launch of the coin saw a massive promotion on social media platforms, riding on the coattails of a popular internet meme, Pepe the Frog. PEPE has seen many investors profiting off of its growing trends, with the upward price trend outpacing those of its meme-crypto counterparts such as Shiba Inu and Dogecoin. David Gokhshtein, influencer and founder of Gokhsthein Media, even witnessed many investors switching cryptos for PEPE.

Interest in PEPE surged further with Soulja Boy's bullish tweet on the coin. Naturally, PEPE's price went up 51% in response. With investors and crypto whales alike profiting from the meme-coin, it's no surprise that PEPE has gained from endorsements from the likes of Soulja Boy. It just goes to show that the entertainment industry is an important factor for cryptocurrencies and an endorsement of any form can lead to serious changes very quickly.



Other News from Today