Elon Musk’s latest online move has sent shockwaves through the crypto market. The Tesla CEO updated his name on social media platform X to “Kekius Maximus” today, leading to a massive surge in the meme coin KEKIUS.
At press time, KEKIUS was trading at $0.08832, marking an astonishing 504% increase in just 24 hours.
Musk not only updated his name but also changed his profile picture to an image of Pepe the Frog playing a video game. Known for his love of meme coins, Musk even retweeted a post calling him “Kekius Maximus,” further fueling the hype.
Traders have been quick to capitalize. One investor reportedly turned a $1,964 purchase two weeks ago into $1.535 million following the price spike. Data from CoinGecko reveals that KEKIUS’s 24-hour trading volume soared to $35.2 million, with its market cap surpassing $88.32 million.
This isn’t Musk’s first playful name change. In January 2023, he briefly became “Mr. Tweet,” joking that Twitter wouldn’t let him revert to his original name. He also adopted the moniker “Naughtius Maximus” at another point.
Musk’s influence on meme assets extends beyond KEKIUS. Last month, he shared a meme involving Dogecoin, which briefly pushed the coin’s value upward.
The crypto world continues to watch Musk’s antics closely, as his unpredictable moves often lead to unexpected market shifts.
