Meme Coins Dive as Musk Abandons “Kekius Maximus” Handle
American billionaire and Tesla CEO Elon Musk has restored his original name on social media platform X after briefly changing it to “Kekius Maximus” on December 31.
The name change to Kekius Maximus immediately sparked a spike in the value of similarly themed meme coins. However, these meme coins now appear to be backtracking as Musk changes the name of his X controller again.
Musk’s name change sent Meme coins first soaring, then falling!
The Kekius Maximus token has dropped nearly 50% in the past 24 hours after Musk changed his name on X. At press time, the meme token was trading at $0.09217. Despite this, KEKIUS is still up over 6,000% on the 7-day chart, with a market cap of $92 million.
Traders who invested in Kekius Maximus after its overnight success now rarely suffer losses.
“rektdolphin.eth 12 hours ago exchanged all 62 billion PEPE (approximately $1.2 million) for 4.23 million KEKIUS (now worth $290,000). Here’s why you shouldn’t speculate out of FOMO. $1 million at 12 Gone within hours.” analysts tweeted.
other analysts added The “reign” of Caecius Maximus was over.
“Just now: The reign of Caecius Maximus is over. For now. Elon Musk has returned to X.”
The move affects other frog-themed meme coins, as most of them Already started backtracking Earnings since December 31st.
Earlier on December 31, Kekius Maximus and other frog-themed meme coins were Musk changed his name on X. according to Coin GeckoThe market value of frog-themed coins even rose to $11.8 billion.
Kekius Maximus is a popular internet meme that combines Pepe, the Frog, and the Maximus character from the movie Gladiator. Musk is a well-known enthusiast Meme Coinand also retweeted one The post said“Elon Musk is now Caikius Maximus.”
Musk also changed the profile picture on the X to one of Pepe the Frog, holding a joystick and playing a video game.
The Tesla CEO has changed his name multiple times on Twitter. In January 2023, he changed name To Mr. Twitter. Another time, he changed the X handle to “Naughtius Maximus.”
And it’s not the first time the billionaire entrepreneur behind Tesla and SpaceX has impacted the cryptocurrency market. Musk is a strong supporter of the dog theme Dogecoin and raised its price multiple times through his tweets.
Dogecoin surges in 2021 Musk says it’s the people’s cryptocurrency.
recentIn November, Elon Musk posted memetic depiction Governor. While he was referring directly to the Department of Government Efficiency, Memecoin Dogecoin Also smoked briefly.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
