Elon Musk has indeed modified his profile photo to a version of the PEPE logo, specifically "Pepe the Frog" clad in golden armor and holding a video game controller ¹ ². This move comes alongside his decision to change his display name on X (formerly Twitter) to "Kekius Maximus".

The "Pepe the Frog" meme is often used to convey humor and sarcasm, and its connection to the KEKIUS cryptocurrency token has sparked widespread speculation ². The KEKIUS token has experienced a remarkable surge in value, increasing by 497.56% within 24 hours, and trading at approximately $0.005667 as of December 27 ¹ ³.

Musk's affinity for cryptocurrency and memes has led to theories about the meaning behind his profile update. Some believe it may be related to his involvement in the cryptocurrency market or his interest in gaming ². However, the true reason behind Musk's decision remains unclear.