In mid-April 2023, a frog memecoin called Pepe dominated discussions in crypto circles after going up parabolically in the span of a few hours, going up by as much as 21,000%. Pepe follows a long list of memecoins led by Doge and Shiba Inu that made millions for some and lost even more money for others.
In early April 2023, Elon Musk temporarily made the Dogecoin logo the face of Twitter. Again, the value shot up, then went back down again after.