Elon Musk has once again influenced the crypto world through his meme-related actions, causing PEPE to surge by 8.55% on December 31st. This gain made $PEPE one of the top-performing digital currencies on that day, surpassing most other memecoins except for ai16z, which remains strong. While PEPE investors are celebrating this unexpected rise, another player, Kekius Maximus, seems to be facing some challenges. The dynamics in the meme coin market are heavily influenced by personalities, with Musk’s impact being one of the strongest.