Musk changed his name and post on Twitter at 2 pm on December 31, 2024, to Kekius Maximus, which resembles the PEPE frog. Meme coins related to the PEPE frog also rose in response. But after Musk restored his name and title in February, the tokens related to Kekius Maximus also plummeted by more than 50%, like a flash in the pan.
Big changes to Musk’s Twitter profile
At around 2 pm on December 31 last year, Elom Musk changed his Twitter header to a meme pattern similar to a PEPE frog, and also directly changed his name to Kekius Maximus. What’s special is that this is the first time Musk has changed his name on Twitter.
Musk changed his Twitter name and header to Kekius Maximus.
(From Comic Character to Meme Coin: Pepe the Frog and the Evolution of the PEPE Cryptocurrency)
Related tokens have skyrocketed one after another, with daily trading volume exceeding US$100 million.
According to previous reports from Chain News, due to the explosion happening too quickly, the meme coins related to the concept of Kekius Maximus are still in a relatively PVP state, with rug pulls and scams flying all over the place.
Kekius Maximus-related meme coins rose in response.
However, there are also meme coins that have been established for a long time and are managed by the community to maintain a relatively healthy state. Among them, the most stable and the most optimistic is the meme coin KM on the Solana chain, which was launched on 12/10 last year. Musk first mentioned the concept of Kekius Maximus, which was created that day. Just when Musk changed his headband to Kekius Maximus, the trading volume that day also surged to 108 million US dollars.
The trading volume of the meme coin KM was $108 million when Musk changed his Twitter. Musk's Twitter restores, the surge is just a flash in the pan
But just on 1/2, after Musk restored his profile on Twitter, the meme coins related to Kekius Maximus were also affected. The KEKIUS meme coin on Ethereum plunged more than 50% on the day, with its market value falling to $97.2 million
The KM meme coin on Solana also fell more than 80% on the day, with its market capitalization falling to $3.1 million.
Meme coins are volatile, and investment must still be cautious
Meme enthusiasts around the world were caught off guard by Musk's sudden operation. As for meme coins, a currency with great risks and fluctuations, investors must remain calm and treat it with caution. Please be careful before investing. Doing your own homework is the only way to go.
(Musk’s new Twitter handle, Kekius Maximus, refers to the deified PEPE?)
This article Kekius Maximus-related meme coins were short-lived after Musk restored his Twitter, plummeting more than 50% that day. First appeared on Chain News ABMedia.
