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) went viral, reaching an all-time high of $0.006308, with a market cap quickly hitting $500 million. Even the prices of other similar themed meme coins soared by over 6000%. Those who follow cryptocurrencies know that meme coins are all about the thrill, and KEKIUS could not escape the fate of a crash. On January 1, the Tesla Cybertruck exploded, and Musk changed his X account back to his name. This caused the price of KEKIUS to plummet, and the investors who had rushed in almost all became 'chives'.
KEKIUS was easily controlled in the hands of the richest person, and its fate turned in just a moment. After Musk changed his X account name back, within just a few minutes, KEKIUS began to decline, and its market cap, which had once reached $500 million, was almost entirely wiped out. According to CoinMarketCap data, as of 12 PM on January 4, the trading price of KEKIUS was $0.0000000000005075, with a market cap of only $210,000 remaining.
KEKIUS was completely wiped out, bringing huge losses to investors. According to media reports, a user exchanged $1.2 million worth of PEPE tokens for 4.23 million KEKIUS, which evaporated entirely within a few hours. However, before the storm arrived, there were thrilling stories of sudden wealth. A trader turned $55,000 into $1 million through KEKIUS, with early buyers becoming the biggest beneficiaries. According to analysts, trader '0x33A' purchased 8.448 million KEKIUS with 16 ETH, which was worth $54,800 at the time.
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