Older siblings simply can't keep up; the cryptocurrency market is too magical. Scythes turn into leeks!! One minute you can become a millionaire, and the next you might end up on the streets…!
As a billionaire, Musk's actions on social media always manage to shock the cryptocurrency industry. On December 31, Musk briefly changed his X account name and photo to 'Kekius Maximus', while a meme coin named Kekius Maximus (KEKIUS) exploded in popularity, reaching a historical high of $0.006308 and quickly achieving a market value of $500 million, with other similar themed meme coin prices surging over 6000%.
Those who follow cryptocurrencies know that meme coins are all about the thrill, and KEKIUS was no exception to the fate of crashing. On January 1, Tesla's Cybertruck exploded, and then Musk changed the X account back to his name. This led to a price crash for KEKIUS, and the investors who rushed in later almost all became leeks.
The market has vanished, with a value of only $210,000 left.
KEKIUS was easily controlled by the richest man, and its fate turned in an instant. After Musk changed the X account name back, within just a few minutes, KEKIUS began to decline, and its market value, which once reached $500 million, almost completely vanished.
According to CoinMarketCap data, as of January 4 at 12:00, KEKIUS was trading at $0.0000000000005075, with a market value of only $210,000 left.
According to media reports, a user exchanged $1.2 million worth of PEPE tokens for 4.23 million KEKIUS, which evaporated completely within hours.
🌰 However, before the storm arrives, a series of thrilling stories of getting rich unfold. A trader turned $55,000 into $1 million through KEKIUS, and early buyers became the biggest beneficiaries. According to analysts, trader '0x33A' purchased 8.448 million KEKIUS with 16 ETH, worth $54,800 at the time.
This is not Musk's first foray into the cryptocurrency space.
He has repeatedly used social media to promote phrases or cryptocurrencies, often causing dramatic price fluctuations. Musk's influence on the crypto industry can be traced back to his support for Dogecoin (DOGE) during the bull market cycle in 2021.
His tweets helped Dogecoin gain mainstream credibility, marking a turning point for meme coins as investment assets. For this 'Dogecoin Father', some cryptocurrency investors began to express strong dissatisfaction with Musk.
He is always skilled at shaking the market with a simple tweet or changing his profile picture, and has sparked multiple civil lawsuits due to allegations of market manipulation. But there's no doubt, Musk's online activities continuously demonstrate his ability to influence market sentiment and affect digital asset values.
Overall, CC feels we should continue to 'learn to seize opportunities or create opportunities'; the next freedom is you and me❗