- A $1,000 investment in Pepe Coin after Elon Musk’s March 2024 meme tweet is now worth $1,431.63, a 43.2% gain.
- Technical analysts suggest Pepe Coin may see further upside, citing a double bottom pattern and positive MACD indicator.
- Despite the recent rally, Pepe Coin remains highly speculative, with its value heavily tied to social media sentiment and Musk’s influence.
If you’d thrown $1,000 into Pepe Coin right after Elon Musk tweeted that first Pepe meme on March 13, 2024, you’d be sitting on $1,431.63 today. Not bad for a meme coin — that’s a 43.2% return, all driven by Musk’s social media influence. Pepe Coin, now trading at $0.00001336, has surged 42.5% recently, showing just how powerful the Musk effect can still be on speculative assets.
Musk’s Meme, Investor FOMO, and Pepe’s Price Surge
Back in March, Musk casually used a Pepe meme to explain some constitutional amendments. It wasn’t much, but it was enough to set off a buying frenzy. Investors who jumped in with $1,000 at the then-price of $0.000009332 snagged 107,158,165 PEPE tokens. Fast forward to today, and that investment’s up 43.2%. It’s a textbook example of how a single tweet from a billionaire can flip the script on a meme coin — at least in the short term.
Bullish Signs or Fading Hype?
Crypto analyst Andrew Griffiths says Pepe Coin is “retesting the neckline of a double bottom pattern,” a potentially bullish indicator. Meanwhile, UniChartz sees a rising trendline holding firm, hinting at underlying support. The MACD indicator just turned positive too, suggesting Pepe might have more room to run.
But the risks? They’re still there. Musk’s December 2024 profile change to “Kekius Maximus” temporarily pumped Pepe Coin, but that support is far from stable. With Bitcoin over $100,000 and meme coins riding the hype train, Pepe’s $0.00001336 price reflects broader market optimism — but in a meme-driven market, anything can happen.
