Trump’s Tweet Fuels PEPE Coin Surge

A recent tweet from former President Donald Trump on Truth Social featuring a cryptic frog image sparked an unexpected surge in the value of the memecoin PEPE. This brief message led to a rapid increase in PEPE’s price, reaching highs of $0.0000149 before settling back down to $0.0000143. The incident highlights how political interventions can significantly impact crypto markets, with speculative trading driving the market cap up to $6.3 billion within an hour. 55% increase in trading volume, and a boost in social interaction accompanied this price surge.