In an His love for memes began many years ago; However, it was only in 2020 that he tweeted that “he who controls the memes controls the universe.” Musk is a fan of the original meme currency, DOGE.
In an His love for memes began many years ago; However, it was only in 2020 that he tweeted that “he who controls the memes controls the universe.” Musk is a fan of the original meme currency, DOGE.
PEPE soars with Elon Musk’s tweet
Since the image he posted was Pepe the frog, the price of the Pepe meme coin immediately caused an astonishing 23.46% increase. A significant drop followed, so the overall increase in PEPE in the last 24 hours constitutes 13.73%.
Musk’s tweet today was reposted by the official Milady meme coin (LADYS) account. In mid-May 2023, Musk posted a meme featuring his mascot, and this fueled LADYS’s mind-blowing rise of 12,056%.
On the same day, an anonymous crypto whale transferred a huge PEPE amount of 2,248,769,006,203 coins from Binance to Crypto.com. This PEPE amount was valued at 20,219,806 at the time of the transaction.
A day earlier, another mystery whale deposited 500 billion PEPE worth $4.3 million on the Binance exchange with a potential profit of $3.36 million (+30.9%). This trader had started his PEPE trade just 10 days earlier, according to analytics account @spotonchain.
Elon Musk’s tweet equates USD and fraudulent currencies
On Wednesday, centibillionaire and meme lover Elon Musk also posted a tweet showing that he considers the US dollar unsustainable. He posted a screenshot of another tweet (posted by someone else), describing the fraudulent cryptocurrencies.
A scam coin described in the screenshot has some “notable” features typical of scam cryptocurrencies, according to the author of the tweet: 27 trillion coins circulating on the market, unlimited supply limit, only one node, 25% of the total supply. produced just last month and 30% of the supply in the hands of only 1% of its holders.
The author of the tweet noted that it is very similar to the US dollar, with the constant printing of the Federal Reserve. By reposting this, Elon Musk appears to agree with the initial author of the tweet.
