Due to Elon Musk's change of the X nickname, the market value of KM has increased by over 12600%, briefly surpassing 45 million USD.

On December 31, GMGN market data showed that following Elon Musk's change of his social media nickname from X to Kekius Maximus, the market value of the Meme coin Kekius M (abbreviated as KM) on the Solana blockchain experienced a massive increase, rising by over 12600%, and briefly reached 45 million USD, while the trading price of the coin temporarily stabilized at 0.032 USD.

Previously, BlockBeats reported that Musk changed his profile picture to Pepe the Frog and updated his nickname to Kekius Maximus.

BlockBeats noted: The term "Kek" originates from meme culture and initially gained popularity in the World of Warcraft player community, later becoming closely associated with meme figures like Pepe the Frog, representing a form of internet subculture. "Maximus" is a Latin term meaning "greatest" or "largest," often used to refer to ancient Roman generals or heroes. The image of Kekius Maximus is depicted as an ancient Roman general standing in the center of the coliseum.