Flash Crash, Back to Zero! Musk Ignites Again, This Meme Coin Plummets 99%!
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'.
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