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- This occurred just hours after Musk revealed Linda Yaccarino as the new CEO.
- Tesla’s CEO shared a meme that prominently features the amendments of the US Constitution.
Elon Musk made an indirect reference to Pepe Coin in a humorous context as discussions within the crypto market revolved around whether the current meme coin trend had peaked.
This took place shortly after Musk disclosed that Linda Yaccarino would assume the role of Twitter’s CEO. She intends to focus entirely on company affairs. Yaccarino, who recently stepped down from her position at NBCU, is anticipated to lead the social media platform. Reports suggest that she has an interest in meme coins, which is viewed positively by the crypto trading community.
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PEPE Community Enthusiastic
In the meantime, Tesla’s CEO shared a meme that distinctly highlights the amendments of the US Constitution. What particularly captured attention was the presence of “Pepe the frog” in the meme, which could be interpreted as a subtle nod from Musk, known for his support of another meme coin, Dogecoin (DOGE), as well as his promotion of Shiba Inu and Floki Inu cryptocurrencies.
Explaining Constitutional Amendments pic.twitter.com/oYkMPBe9Zi
— Elon Musk (@elonmusk) May 13, 2023
Musk utilized the cartoon frog Pepe in a meme to depict the idea of constitutional amendments. The official Twitter account of Pepe Coin responded with “seize the memes of production.” Following Musk’s reference to the frog, the price of PEPE Coin surged significantly.
As per CMC, the price of PEPE stands at $0.000001916, reflecting a 17% increase over the past 24 hours. The trading volume at the time of this report is $1,004,985,829, marking a 133% rise in the last 24 hours. Whether Musk’s mention indicates support for PEPE remains to be seen, but his indirect reference has certainly energized the PEPE community.
