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The mischievous billionaire caused significant fluctuations in the prices of meme coins throughout 2021. We even saw the emergence of new meme coins that were inspired by Elon Musk‘s posts. Coins like Floki and Shiba Inu are now quite popular. Musk recently responded to a post featuring the mascot of another meme coin.
Elon Musk and Altcoins
Once very engaged with cryptocurrencies, Musk has fallen out with them during the recent bear market. In a Space broadcast with Wood, he mentioned that he no longer cares about cryptocurrencies as much as he used to. Despite once staunchly defending Dogecoin, he has been quiet about it for some time. However, his response to the following post caused the price of PEPE Coin to reach its daily peak.
These days, Elon Musk is closely involved with politics and the economy. The current US administration’s mistakes and the issue of illegal immigration are attracting his attention more than cryptocurrencies. Nevertheless, his comment on a related criticism post caused PEPE Coin to jump to its daily peak, similar to previous instances. The price, which reached $0.00000786, has now retreated to $0.0000072.
