Musk Changes Nickname, Meme Coin Soars 3000%
Mysterious Trader Earns Over Ten Million in Two Days.
On December 31, 2024, Musk changed his nickname on his social platform X to "Kekius Maximus."
The profile picture was changed to a 'Pepe Frog' dressed in ancient Roman attire, holding a video game controller. As a result, the meme coin Kekius Maximus experienced a surge, increasing more than 9 times that day. On January 1, 2025, it peaked at $0.40, with a total market cap exceeding $330 million, representing an increase of over 3000% compared to before Musk updated his nickname. Due to the fully public nature of cryptocurrency wallets, netizens quickly discovered that just 8 hours before Musk's name change, a wallet purchased 18,150,000 Kekius Maximus coins for a total price of $4,360. Under the influence of the world's richest man, these cryptocurrencies have now reached a value of $5.65 million (approximately 41.23 million yuan). However, it is important to note that meme coin prices are highly volatile, and there are significant risks involved; investors should proceed with caution.
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