Pepe coin, the third-largest meme coin, has experienced a surge in price, erasing some of the losses it faced earlier in the month. The rebound came after Elon Musk, who has a significant influence in the cryptocurrency market, updated his profile picture to a Pepe-like image. This action could indicate growing interest in Pepe, similar to Musk's previous engagement with Dogecoin, which helped it become the largest meme coin. Pepe has shown remarkable growth since its inception, with its market cap reaching a peak of over $10 billion. The coin has created significant wealth for many investors, with 70% in profit and 24% at a loss. Pepe's price is currently above key resistance levels and shows bullish indicators, suggesting further potential gains.



Other News from Today