Here’s what Elon Musk said about Pepe and what he did recently:
1/Post a selfie and share about “Kekius Ma”
• On December 31, 2024, Musk changed his name on the X platform (formerly Twitter) to “Kekius Maximus” and attached a picture of his account with an image of Pepe the Frog in a Roman geometric outfit, with a sarcastic comment:
“Kekius Maximus will soon reach level 80 in hardcore PoE,” referring to the game Path of Exile 2.
• This move affected the community, as the price of the memecoin named “Kekius Maximus” rose by about 500–900%.
2. Meme sharing from Pepe to explain the constitutional amendments
• On March 13, 2024, Musk shared a meme of the character Pepe the Frog explaining the first and second amendments to the U.S. Constitution, which was considered an indirect hint about the Pepe meme coin.
After that, the PEPE coin jumped by about 119% over 9 months, raising an investment of $1,000 to over $2,190.
3/Market interaction and reactions
Musk's previous posts often had a swift impact on meme coin prices like DOGE and PEPE, but the smoking Pepe image he posted in June 2025 did not lead to an immediate price explosion; rather, it was a conservative rise of about 3% over 24 hours.
In summary:
Musk did not issue a direct statement regarding his work on “Pepe,” but his actions on X (changing the name, posting memes, using the character Pepe) serve as hints that supported the currency and contributed to its significant increase.
His influence is through the symbolism and the vibe he conveys to “meme coin” communities, more than being an official statement.
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