Crypto Market News: In the backdrop of Elon Musk including the PEPE Coin frog character as part of a meme, more links are emerging between the memecoin and the billionaire. Besides, speculation is rife in the crypto market that the Tesla CEO is keen on launching a Twitter crypto wallet. Musk’s close affiliation with another memecoin, Dogecoin (DOGE) adds fuel to rumors that he would favor Pepe Coin too if Twitter goes on to launch a built in crypto wallet. Moreover, Binance CEO CZ unfollowed Musk recently, thus reinforcing the speculation over an upcoming Twitter crypto wallet launch.
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Hence, rumors are around that Musk would also include PEPE if Twitter launches the crypto wallet. In addition, on the occasion of Musk’s visit to France, the official Twitter account of the memecoin gave more reasons on fresh links with the billionaire.
PEPE To Be Twitter’s Native Currency?
Elon Musk has a knack for memecoins and is evident from his close affiliation with Dogecoin community and his tweet activity surrounding other memecoins, Shiba Inu (SHIB) and Floki Inu (FLOKI). However, this could not be enough reason to show Musk would favor memecoins whenever the social media platform initiates crypto payments. Also, with the announcement of Linda Yaccarino as Chief Executive Officer of Twitter, Musk will still be overseeing the technology part of the business and hence, a crypto wallet launch could well be within his reach.
Meanwhile, some people in the crypto community are believing that PEPE would be given preference of the crypto wallet is launched.
It’s a fact that @cz_binance is furious about @elonmusk’s plans to launch a Twitter crypto wallet.
That’s why CZ recently unfollowed him.$pepe will be a native currency at launch.
It just makes sense.
The most entertaining outcome is the most likely.
— PAULY (@Pauly0x) May 14, 2023
Over the last one week, PEPE lost just about 20% in value while it is negligible when compared with the 28 times price gain since its launch on April 18, 2023.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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